CP teams up with Carlyle for ParknShop bid

Thailand's CP Group teams up with private equity firm Carlyle to bid for ParknShop chain.

Private equity firm Carlyle is teaming up with Thailand’s Charoen Pokphand Group to bid for ParknShop, according to a source familiar with the matter. The joint bid is seen as one of the frontrunners for the supemarket chain.

The two have an existing relationship. In 2010, Carlyle acquired $175 million of convertible preference shares and options in CP Pokphand from CP Group.

ParknShop is owned by Hutchison Whampoa, which is...

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