Published on 1 - June - 2007
Focus' suitors work together to tie up dealCerberus Capital Management, a private investment company, is reportedly working with Hilco, the US distressed debt specialist to acquire Focus DIY.
A report in today's Times says the two are in discussions about the ailing retailer.
In January, Focus called in investment bank N M Rothschild to carry out a strategic review to help shed a £280m debt mountain.
An announcement about the future of Focus is expected at the end of next week, the paper adds.
DIYWeek.net does not edit comments which are submitted directly by our users to express their own views. Please report abuse of our comment system here.
© Datateam Business Media Limited 2007. DIY Week.net news articles may be copied or forwarded for individual use only. No other reproduction or distribution is permitted without prior written consent.