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Old 11-06-2006, 04:54   #1 (permalink)
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UK:Report: Private equity bidders eye Aston Martin

Report: Private equity bidders eye Aston Martin

Reuters

LONDON -- Private equity groups Permira and Alchemy Partners and U.S. buyout firm Texas Pacific are planning bids of up to $954 million (500 million pounds) for Aston Martin, the Sunday Telegraph said in an unsourced report.

In August, Ford Motor Co. said it was trying to sell the luxury brand made famous in James Bond films.

The newspaper said no automakers had yet expressed an interest in Aston Martin ahead of a first-round bidding deadline at the end of November.

Another bidder is former Ford CEO Jacques Nasser, now a partner at JPMorgan Chase's private equity arm One Equity Partners, the newspaper added.
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