ECI Partners Mulls Sale of Bargain Booze

UK-based buyout shop ECI Partners is mulling a sale of portfolio company, Bargain Booze, Reuters reported, citing an article in the Sunday Times. ECI has hired accountancy group KPMG to do a strategic review of the drinks retailer chain, including options including a sale or refinancing of the company.

(Reuters) – Private equity firm ECI Partners is mulling a sale of Britain’s biggest off-licence drinks retailer chain, Bargain Booze, for about 90 million pounds ($144.1 million), according to a report in the Sunday Times.

The UK firm has appointed advisers at accountancy group KPMG to carry out a strategic review, with options including a sale or refinancing of Bargain Booze.

The companies were not immediately available for comment. ($1=.6246 pounds) (Reporting by Lorraine Turner; Editing by Greg Mahlich)