The Carlyle Group Inc. (NasdaqGS:CG) and CVC Capital Partners SICAV-FIS S. A are believed to be the front runners in the race to acquire Trendcell Sdn Bhd, say sources, after outbidding at least two other offers. It is learnt that the two private equity firms are negotiating to buy a part of, a majority, or the entire supermarket business of Trendcell, which rang up MYR 1.32 billion in sales in 2020, for as much as MYR 1.1 billion. Negotiations are still ongoing.