UK: Permira "puts Iglo Group on the block"
By Katy Askew | 26 March 2012
Private-equity firm Permira is reportedly preparing to auction off Iglo Group, Europe's largest frozen food business.
According to a report in the Financial Times, Permira has appointed Credit Suisse to look into a sale after it was approached by "interested parties".
The company has been linked to various buy-out firms, including Blackstone, BC Partners and Cinven. Other possibilities touted for the business include a potential IPO.
Iglo, which manufactures the Birds Eye brand, was formed when Permira purchased Iglo for EUR1.7bn (US$2.25bn) from Unilever in 2006 and then combined it with Findus Italy, which it bought for EUR800m, in 2010.
The business generated sales in excess of EUR1.1bn last year and is expected to raise almost EUR3bn.
Sectors: Frozen, Mergers & acquisitions
Companies: Iglo Group, Unilever
View next/previous articles
26 Mar 2012 -
Currently reading -
UK: Permira "puts Iglo Group on the block"
26 Mar 2012 -
26 Mar 2012 -
Related research
Unilever Group in Packaged Food - World
Unilever’s core objectives in its food operations are to further diversify its geographic markets as well as moving more aggressively into dynamically growing categories, such as functional dairy products and baby food, in order to ensure continuous ...
Competitive Landscape of the Hungarian Foodservice Industry: Market Profile to 2016
This report presents profiles of leading foodservice companies in Hungary. Details of the top companies active across the Hungarian foodservice industry are provided, together with the company’s major products and service and SWOT analysis (where app...
Frozen Food in Germany industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2006-10, and forecast to 2015). The profile also contains descriptions of the leading pl...
Related articles
UK: Iglo overhauls Birds Eye chicken range
Iglo Group has added lines to its Birds Eye frozen chicken range in the UK.
UK: Birds Eye adds hash brown variant to waffle line
UK frozen food producer Iglo Group has extended its Birds Eye waffle range with the launch of a hash brown variant.
There are currently no comments on this article
Be the first to comment on this article