Hellman & Friedman, an American private equity firm, agreed to acquire a minority stake in Action, a non-food discount retailer, from Partners Group. The transaction values Action at $11.3bn and is expected to close in January 2020. "Partners Group is pleased to have been able to support the company through its rapid expansion across Europe over the past eight years. Action has been able to generate extraordinary growth by combining an entrepreneurial culture with a unique retail format. While the sale of our stake in Action generates a very attractive return for our clients, we leave the company extremely well-positioned for continued future growth," Walter Keller, Partners Group Partner.