Five separate private equity-funded bids are competing for the £800m (€1.18bn) secondary buy-out of Kwik-Fit, the car parts retailer bought by CVC Capital Partners for £350m in 2002.

BC Partners, Kohlberg, Kravis Roberts and JP Morgan are bidding individually; PAI and Goldman Sachs are bidding together and Credit Suisse First Boston Private Equity and Investcorp are bidding within a consortium.

Guy Paisner

JP Morgan

Deutsche Bank

Goldman Sachs

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The hedge-fund founder is asking triple what he paid for the Bali-inspired Manalapan estate in 2017.

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The announcement comes as USS Investment Management said it won’t bid for the property firm.

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The U.S. private-equity firm said t decided not to begin a tender offer for the Japanese software company after consulting with Fuji Soft founder Hiroshi Nozawa.

Successful firms are increasingly split between behemoths with several business lines and those focusing on their roots of buying companies.

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The Chinese technology giant has begun tests to integrate homegrown startup DeepSeek’s AI model into its Weixin messaging app.

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Last five in £800m Kwik-Fit battle

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