Private equity firm OpCapita is considering a sale of electricals retailer Comet less than a year after purchasing it for £2.

It is understood three potential suitors, including store operators, from the UK and abroad have approached OpCapita over the sale.

The prospective buyers include private equity firms, Sky News reported.

Talks are at an early stage and no third party has yet been hired to handle a sale. OpCapita declined to comment.

The private equity firm, which bought 300 Game Group stores when it went into administration in March, bought Comet from Kesa, now known as Darty, last November. It negotiated a £50m dowry, while Darty retains responsibility for Comet’s pension liabilities.

One option for a potential deal for Comet would be a controversial pre-pack administration. However, sources said that was “not the direction” the process is heading in, the Financial Times reported.

In July, Comet said it was on track to return to the black this year and is changing gear to focus on top-line growth.

Topics