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Thursday, August 7, 2014

3i hires Goldman Sachs to run potential sale of Agent Provocateur -NY Times, (NYSE: GS)

London-based private equity firm 3i Group Plc had hired U.S. bank Goldman Sachs Group Inc to run a potential sale of British luxury lingerie retailer Agent Provocateur, the New York Times reported on Thursday, citing a source. The Wall Street bank would soon let potential suitors conduct due diligence, the daily quoted the person briefed on the matter as saying. ( July, British media outlets had reported that 3i Group was exploring a sale of the retailer, for which the firm could fetch about 200 million pounds ($337 million), including debt.3i Group and Goldman Sachs could not immediately be reached for a comment outside of regular business hours. ($1 = 0.5942 British Pounds)

The Goldman Sachs Group, Inc. (Goldman Sachs), is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Shares of GS fell by 0.38% or $-0.64/share to $169.10. In the past year, the shares have traded as low as $151.33 and as high as $181.13. On average, 2463370 shares of GS exchange hands on a given day and today's volume is recorded at 1928415.