Findus Italy fishes for PE interest, two hooked

13 May 2010

Private equity houses Permira, owner of Iglo Birds Eye, and Lion Capital are leading the bids for Italian frozen foods company Findus Italy, according to bankers close to the deal.

Goldman Sachs and Mizuho are underwriting the staple financing for the sale, which is being targeted at a range of trade bidders and private equity houses.

Unilever announced the sale of Findus Italy last month in a deal which could be worth over Eu600m. First round bids for the ...

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