Reuters - Final Bids Due for B&M

Advent is among a handful of private equity firms due to submit final round bids for discount retailer B&M, banking sources said on Tuesday, according to a Reuters report. Advent joins Blackstone, BC Partners, Clayton Dubilier & Rice and KKR to battle it out for a significant stake in the company, which has a price tag of 850 million pounds ($1.35 billion). The business has attracted interest from private equity firms as the discount retail sector is seen as a profitable business in the current difficult economic climate as people tighten their belts.

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