Private-equity firm CVC is understood to not be one of four companies that have submitted a preliminary bid for German frozen cake company Coppenrath & Wiese.

A report carried by Reuters yesterday, citing sources familiar with the matter, said EQT, Cinven, Montagu and CVC had all submitted preliminary bids for the business.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

However, just-food understands CVC has not made offer. When asked to comment, CVC refused to be drawn on the situation.

EQT and Cinven declined to comment yesterday. Montagnu officials did not reply to a request for comment.

The deal could fetch around EUR400m (US$472m) according to Reuters’ report.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now