A couple of private equity firms head the list of potential suitors for Unilever’s frozen food business, which is being put up for sale, according to a report in the UK press this morning (10 June).
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The Times reported that Capvest and Blackstone were heading the race in an auction that could raise GBP1bn. Lion Capital is also thought to be interested.
Capvest already owns UK-based fish supplier Young’s Bluecrest Seafood.
The Times said Goldman Sachs, Unilever’s bankers, sent out a sales memorandum of the businesses last week. Unilever wants to complete the sale of the business by the end of the year.
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