UK investment firms Apex Partners and Candover have been added to the list of likely bidders churned out by the rumour mill since the sale of Unilever’s frozen foods division was announced last week.
Unilever announced on 9 February that it intended to sell-off the majority of its European frozen food business because it does not see sufficient growth potential.
According to UK newspaper The Business, Apex Partners and Candover are considering offering GPB1bn (US$1.742bn) for the concern. A spokesperson for Apex Partners told just-food that the investment company does not confirm or deny market speculation while Candover were unavailable for comment.
The investment firms join the list of various other companies who could potentially be interested in the Unilever sale, such as US firm CapVest, CVC, Permira and Lion Capital.