Deal could be worth £51 billion
US private equity firms Texas Pacific and Kohlberg Kravis Roberts (KKR) are considering a buy-out deal for the US's second-largest retailer Home Depot for an estimated£51 billion.
Home Depot's board is thought to have been contaced by Wall Street investment bankers, regarding the potential takeover. Texas Pacific, KKR and Home Depot have all declined to comment.
Greg Brenneman, who ran Burger King for Texas Pacific after it jointly acquired the company in 2002, sits on Home Depot's board.
The buy-out, if it occurs, would be one the largest leveraged buy-outs in history. However, the home improvement retailer's share price has fallen by more than 15 per cent in the past two years.
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