Kuwait Food Co. – also known as Americana – has denied knowledge of any firms interested in buying its business.

Last week, Bloomberg claimed at least six companies were exploring bids for Americana, including private-equity firms KKR, TPG, CVC Capital Partners and Advent International.

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, Reuters reported on Sunday (6 June) Americana had issued a statement on the Kuwait Stock Exchange to say it had “no knowledge” of any interest in the business.

“The administration of the company has no knowledge of this matter. The administration of the company has also not received any offers regarding it,” the firm was reported as stating.

Officials at Americana could not be reached for immediate comment.

Reuters initially broke the news in April that Americana majority shareholder the Al Kharafi family was working with investment bank Rothschild to approach potential buyers.

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

CVC Capital Partners, Advent International and TPG declined to comment when approached by just-food. 

The sale is expected to fetch about US$5bn.

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