Permira will launch a €1bn (£677m) takeover bid this week for the Spanish supermarket chain Caprabo. Independent on Sunday
Permira is bidding against Spanish supermarket chains Eroski and Arbol. Other bidders, including the US fund Cerberus, have fallen out of the process.
Morgan Stanley was appointed to run the auction by the company's controlling Carbo, Botet and Elias families, who between them own 80% of the retailer, which is largely based in Catalonia..
Permira would seek to integrate Caprabo into DinoSol, a supermarket chain that it already owns in the country.