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3i hires Goldman Sachs to run potential sale of Agent Provocateur -NY Times

(Reuters) – London-based private equity firm 3i Group Plc had hired U.S. bank Goldman Sachs Group Inc to run a potential sale of British luxury lingerie retailer Agent Provocateur, the New York Times reported on Thursday, citing a source.

The Wall Street bank would soon let potential suitors conduct due diligence, the daily quoted the person briefed on the matter as saying.

In July, British media outlets had reported that 3i Group was exploring a sale of the retailer, for which the firm could fetch about 200 million pounds ($337 million), including debt.

3i Group and Goldman Sachs could not immediately be reached for a comment outside of regular business hours.