France’s competition regulator has given the go-ahead for privat-equity fund LBO France to buy French ambient desserts and jams firm Materne-Mont Blanc (MMB).
In October, just-food reported that LBO France was in exclusive negotiations with private-equity firm Activa Capital, which had put MMB up for sale earlier this year.
LBO France had been designated as preferred bidder for the company, seeing off competition from French counterpart Eurazeo and the UK’s CapVest. Its bid was reported to value MMB, maker of the Pom’Potes fruit purees pouches, at over EUR190m.
LBO France’s portfolio includes France’s leading manufacturer of own-brand biscuits, Biscuits Poult.