Buyout groups to renegotiate Home Depot price

The $10.3bn (€7.5bn) buyout of US retailer Home Depot's wholesale distribution business, HD Supply, has become the latest private equity victim in a string of buyout deals facing troubles as US and European debt markets tighten.

A consortium of US firms, The Carlyle Group, Bain Capital and Clayton Dubilier & Rice, are renegotiating the terms of the deal with Home Depot, which was announced last month. It is expected that due to credit market turmoil the financing structure may result "in a material change to the terms and financing of the transaction, including a reduction in the purchase price", according to a statement from the company.

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