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A consortium consisting of equity firms Hellman & Friedman and Kohlberg Kravis Roberts are in the process of amassing a $10.7 billion bid for information-services firm Experian, according to a report in Sunday’s London Times.
Experian’s current owner, U.K.-based Great Universal Stores, announced plans to rid itself of Experian in May 2005. According to the London Times, the two equity firms are seeking other partners to join them in their leveraged buyout.
According to the Time, there has been no guarantee of a firm offer, and any forthcoming offer might be months away.
Great Universal Stores, which also owns the Argos and Homebase retail chains, divested itself of its Burberry Group unit in December.
