Dick Smith float flagged: report

Private equity group Anchorage Capital Partners has tasked Goldman Sachs and Macquarie Group Ltd with exploring a number of options including a trade sale and stockmarket listing for electronics retailer Dick Smith, The Australian reports.

According to the newspaper, Anchorage is considering a sale less than 12 months after buying the retailer from Woolworths for just $20 million and turning the group's earnings around.

The private equity firm paid the supermarket chain an extra $74 million this year to buy its way out of a deal where Woolworths would have collected a proportion of sale proceeds, according to The Australian.

Dick Smith recently struck an exclusive co-branding deal to run David Jones Ltd's electronics business.