Thu, 22 Jan 2015 | DIVISION SALE
Reports suggest that the frozen food firm Findus has begun discussion on the possible sale of its UK arm.
Shareholders and Findus Group are in the early stages of discussions on selling their UK operations for hundreds of millions of pounds, Sky News reports. The firm is currently owned equally by three investors: Lion Capital, JP Morgan and Highbridge Capital. Findus has operations in the UK, France and Scandinavia.
Sources suggest that while advisers have not yet been appointed to deal with the UK division, this will be confirmed in the coming months as the process has just began and no formal decision has been taken.
Findus replied to the reports from Sky News, issuing a statement that read: "No sale process is under way for the UK business, or any part of the Findus Group at this time."
However, the statement went on to say: "The owners and senior executives of Findus Group keep their long-term options continuously under review."
Findus was at the centre of the horsemeat scandal, after it was found in February 2013 that its lasagnes contained up to 100 per cent horsemeat. The company’s performance has since recovered, leading to the issue of a £200 million bond last year, rumoured to have led to a multi-million pound payout for investors.
______________________________________________________________________
Related information:
Browse the latest food businesses for sale
Lifestyle wood burning stoves retailer, iInstaller and wholesaler: Includes stones and reclaim / salvage business. This is a well established family business within the fashionable and lifestyle choice sector of wood-burning stoves. These stoves are...
LEASEHOLD
Renowned and respected business, favoured by customers for its unique product offering and its excellent service. Established in 1990, the business has overcome several recessions, continually growing its reputation, workload and customer base. The c...
LEASEHOLD
Garden machinery, tool hire, lawnmower sales and repair business, ideally situated within a popular residential area in North Wales. The business is split over two sites, one is a retail unit with workshop, close to the town centre, whilst the larger...
LEASEHOLD
|
17
|
|
Nov
|
Warm Zones enters administration | ADMINISTRATION
A North Shields-based non-profit business dedicated to helpi...
|
15
|
|
Nov
|
Berketex Bride enters administration | ADMINISTRATION
With over 50 years in selling wedding dresses, Berketex Brid...
|
13
|
|
Nov
|
Intermet Refractories completes MBO deal | MBO/MBI
Intermet Refractories, a metal casting component manufacture...
Sign up to receive our acquisition alert emails to get your FREE guide
|
12
|
|
Feb
|
GHD sold to private equity group | BUSINESS SALE
Hair straightener firm GHD has passed to private equity firm...
|
28
|
|
Dec
|
La Senza to be put into administration in the new year | ADMINISTRATION
Lingerie retailer La Senza is due to be fitted into administ...
|
14
|
|
Dec
|
La Senza to consider restructuring options | ADMINISTRATION
Lingerie retailer La Senza, owned by private equity firm Lio...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources