Thu, 22 Jul 2010 | BUSINESS SALE
Private equity firms Blackstone and PAI Partners are preparing to dispose of United Biscuits with a £2 billion price tag.
The current owners bought United Biscuits in 2006 for £1.6 billion. Several banks, including JP Morgan and Goldman Sachs, are reportedly in competition to secure the contract to manage the sale process, due to begin in the autumn and complete early in 2011.
United Biscuits owns brands including Jacob's, Carr's, McCoy's, KP, McVitie's, and the reduced fat Go Ahead range.
It has been reported that the owners would also consider selling the snacks subsidiary and the biscuits unit to different buyers. The sale could well bring both branded food manufacturers and private equity companies to the table.
United Biscuits was created in 1948 after the merger of Scottish family businesses McVitie & Price and MacFarlane Lang. The company now operates 11 factories in Britain and another four in Europe.
The UK's leading snacks maker has thrived in recent years despite the recession, and has seen its operating profit rise by a fifth, while its revenues grew 5 per cent to £1.26 billion in 2009.
PAI is also looking into selling its 50 per cent holding in French yoghurt producer Yoplait, which is potentially valued at £1 billion.
A profitable print business located in the heart of London's West End is available for acquisition, offering a prime opportunity for those looking to enter or expand in the printing industry.
This mixed dental practice offers a predominantly private service with the addition of NHS general and orthodontics contracts, benefiting from a large and loyal patient base as well as a thriving hygiene function.
LEASEHOLD
Project Tulip presents a unique opportunity to acquire a well-established coach operator in the scenic region of Dorset, renowned for its robust travel and tourism services.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.