Lookers bid: Sir Philip Green stepson's role

Jack Petchey's Trefick today revealed its two partners in a potential £260 million-plus bid for motor dealer Lookers.

They are Brett Palos, Sir Philip Green's stepson, and Moor Park, a private equity property advisory firm run by three former Nomura executives.

Trefick called on Lookers, which rejected the initial bid approach last week, to open its books to the bidders so that they could confirm their all-cash approach.

Lookers shares rose 1¼p to 67p, which values the business at £257 million.

Palos is on the board of Green's retail empire Arcadia and regularly attends high-profile store openings with his glamorous wife Magda.

Last year he bought more than 500 central London apartments in a £400 million deal with Lloyds bank.

Moor Park's three partners are Gary Wilder, Shemeel Khan and Jagdeep Kapoor who all worked at Nomura's private equity division in London.