Goldman Sachs bids for Trillium
March 31st, 2008 | by Adam Lucking
Goldman Sachs has held talks with private equity group Cinven with regard to entering into the £1.5bn auction of Trillium who are the outsourcing division of Land Securities.
Goldman originally sold Trillium to Land Securities over seven years ago for £160m in cash and shares.
The business has grown considerably since November 2000 and now manages 50m sq ft of space. The turnover has increased by £508m to £793m and operating profits have increased to £98m from the £28m in 2000.
If Goldman does enter into the auction then it would likely pay more than four times the value for which it was originally sold for.
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