Latest On The Kwik-Fit Sale
Speculation continues over the future of Kwik-Fit, with investment bank Goldman Sachs handling disposal of the chain. The word is that Ford would prefer to sell the group in one go, rather than in job lots. As well as talk of a management buy-out, there has been interest from venture capitalists CVC, Cinven and KKR, among others. Senior automotive analyst with Datamonitor Simon Hodson, suggests that there could be interest from a rival vehicle manufacturer. He also says it is possible that a US automotive market company, such as Penske Autocentres, could make a bid.