UK investment fund Intermediate Capital Group has declined to comment on reports it is in talks to buy a “significant minority stake” in UK food manufacturer Symington’s.
The deal, which according to Dow Jones Newswires could come within the next week, would, the report said, enable Leeds-based Symington’s to buy other food brands including Bird’s Custard and Angel Delight, which are being sold by rival Premier Foods plc.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Last month, reports suggested competing private-equity investors are vying to acquire the non-core brands of both Symington’s and Premier, with an eye to merging the groups into one entity.
Symington’s owner, private-equity group Bridgepoint, hired Rothschild to advise on refinancing options for the company, owner of brands including Crosse & Blackwell and Ragu, some months ago, the publication noted.
