Equity fund LBO France is in exclusive negotiations to acquire French ambient desserts and jams firm Materne-Mont Blanc.

A source close to the negotiations told just-food today (7 October) that the talks were in progress over Materne-Mont Blanc, which private-equity firm Activa Capital put up for sale earlier this year.

LBO France has been designated as preferred bidder for the company, seeing off competition from French counterpart Eurazeo and the UK's CapVest.

LBO France's bid is reported to value Materne at over EUR190m (US$265.9m) but this was not confirmed by the source.

No-one was immediately available at Activa Capital.

Best-known in France for its Pom'Potes fruit purées pouches tailored to children, Materne is  planning to launch a version of the product for adults.

LBO France's portfolio includes France’s leading manufacturer of own-brand biscuits Biscuits Poult, which the fund has put on the market.