Alignment of interests

Could it be second time lucky for Goldman with J Sainsbury? The investment bank was kicked out as an adviser to the £9.3bn UK supermarket group over two years ago after it suggested that it might like to buy it. Now it has turned up as one of the masterminds behind the private equity consortium which may bid for Sainsbury. At present, Goldman is just helping arrange debt financing and is one of two financial advisers, alongside Lazard. But getting a slice of the equity for itself - in a group so...