UK - TPG joins Sainsbury's bid team barring chance of rival bid

The CVC-led consortium preparing to launch an ТЃ11bn bid for Sainsbury's has added another member to its ranks. Texas Pacific Group, which had been in talks with Cinven and Bain Capital about a rival bid for the supermarket chain, now joins CVC, KKR and Blackstone making it unlikely that any rival offer will emerge.