 Administrators for troubled British retailer Peacocks are looking for private equity firms interested in acquiring the discount fashion retailer. KPMG aims to open the bidding process this very week. Several private equity firms are among potential bidders
for collapsed retailer Peacocks as KPMG kicks off a sale process for the discount fashion retailer that collapsed into administration last week, Dow Jones published Monday.
 In the same vein, Fox Business reported that KPMG is expected to open a data room on Monday, allowing potential bidders access to limited financial information. The value being placed on any eventual deal is still to be determined.
First-round bids for the business are expected to be set as early as next week, a person familiar with the matter allegedly said.
In the meantime and according to market insiders, Sun European Partners and OpCapita, are among potential bidders, as well as other private investors such as Kohlberg Kravis Roberts & Co. and Edinburgh Woollen Mill.
Peacocks went into administration with approximately GBP750 million of debt and soon after losing the support of key backer Royal Bank of Scotland Group PLC (RBS).
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