The Pak Banker - - COMPANIES/BOSS -

MBK Part­ners Ltd. plans to team with a Gold­man Sachs Group Inc. pri­vate-eq­uity fund to jointly bid for Tesco Plc's South Korean busi­ness, which could fetch about $6 bil­lion, peo­ple fa­mil­iar with the mat­ter said.

MBK, North Asia's big­gest in­de­pen­dent buy­out firm, and Gold­man Sachs Prin­ci­pal In­vest­ment Area are pre­par­ing a bind­ing of­fer for the Home­plus unit by the Aug. 17 dead­line, ac­cord­ing to the peo­ple. Affin­ity Eq­uity Part­ners Ltd., Car­lyle Group LP and KKR & Co. have also been in­vited to bid, the peo­ple said, ask­ing not to be named as the process is con­fi­den­tial.

Tesco, the U.K.'s big­gest su­per­mar­ket chain, may fi­nal­ize an agree­ment with a win­ning group in early Septem­ber, one of the peo­ple said. Pri­va­tee­quity bid­ders are team­ing up for the Home­plus pur­chase, as the ac­qui­si­tion would likely be too large for any one fund, peo­ple fa­mil­iar with the mat­ter said in June.

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