Two private-equity firms are reportedly teaming up with buy-out house KKR in its bid for US food group Del Monte Foods.
Vester Capital Partners and a fund run by a partner at Centerview Partners are joining KKR’s reported move for Del Monte, Reuters and Bloomberg have reported.
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According to Bloomberg, Vestar and the Centerview fund, which is run by former Gillette CEO James Kilts, would make “significantly smaller” equity investments in Del Monte than KKR.
A deal could be announced in days, a source told Reuters.
Last week, Centerview announced the acquisition of US pizza manufacturer Richelieu Foods.

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