Report: Advent In Talks To Buy Xafinity

LONDON (Reuters) – Buyout firm Advent International is in exclusive talks to buy pensions advisor Xafinity, reported the Sunday Times, without citing sources.

Xafinity is set to be sold by its current owner, private equity house Duke Street, for around 200 million pounds ($319 million), the newspaper said.

Meanwhile, advisors from Goldman Sachs have been appointed to inject life into the auction of British discount retailer Matalan, according to the Sunday Telegraph.

Advent, which already owns budget store chain Poundland, is also interested in acquiring Matalan, one of a roster of buyout firms vying for the company, in sale that could fetch up to 1.5 billion pound.

(Reporting by Rosalba O’Brien; editing by John Stonestreet)