CD&R Said to Seek Equity Partners for Improved Morrison Bid (1)

Clayton Dubilier & Rice is speaking with potential equity partners as it prepares an improved offer for British grocery chain Wm Morrison Supermarkets Plc, people with knowledge of the matter said.

The buyout firm is in discussions to team up with some of the investors in its funds -- known as limited partners -- on a fresh bid, the people said. CD&R is considering making an increased offer as soon as the coming days, according to the people, who asked not to be identified because the information is private.

Private equity firms often partner with a large pension manager ...