NEW YORK -- Private equity firms including Carlyle Group and Texas Pacific Group have expressed interest in bidding for Ford Motor Co.'s Hertz Corp. car rental unit, the Wall Street Journal reported.
The newspaper said the firms are divided into groups with Carlyle, Clayton Dubilier & Rice and Merrill Lynch Global Private Equity making up one group, while Texas Pacific Group, Thomas H. Lee Partners LP and Bain Capital make up a second.
The newspaper, citing individuals familiar with the bidding process, said Blackstone Group LP was also taking a look.
Last month, Hertz filed for an initial public offering with U.S. securities regulators.
Ford Chairman and CEO Bill Ford Jr. said in April that the automaker was considering spinning off or selling Hertz to improve liquidity and move away from non-core businesses.
Ford could not immediately be reached for comment.
The article said all of the firms declined to comment, but executives at two of them confirmed preliminary bids had gone in.