Monday, July 2, 2007

Private equity firms interested in acquiring Ford's Land Rover, Jaguar - report

FRANKFURT (Thomson Financial) - Private equity firms Cerberus Capital Management, Ripplewood Holdings and One Equity Partners are interested in acquiring Ford's up-for-sale luxury car units Land Rover and Jaguar, Financial Times Deutschland reported citing sources.

According to the report the three equity firms have already received first financial data on Land Rover and Jaguar.

Cerberus, Ripplewood and One Equity declined to comment, the newspaper reported, adding that Ford said it is examining all options for its units.

Yesterday, The Observer reported several Arab investment funds are also targeting Jaguar and Land Rover.

Cerberus recently acquired DaimlerChrysler AG (nyse: DCX - news - people )'s US Chrysler unit in a multi-bln eur deal.

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