Goldman Sachs has returned as an adviser on the sale of French textile and hygiene business Elis, five years after advising its previous private equity owners in 2002.

Paris-quoted private equity firm Eurazeo has brought in the US bank to advise its exclusive negotiations with French buyout house PAI Partners which is expected to sell Elis for about €2.3bn ($3.2bn), according to a source close to the situation.