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
Profitable. Debt-free. 55+ customers. Accreditation. Well located. Repeat business (70%+). Relocatable/New lease/Freehold options. Blue-chip customer base. Offers Invited.
RELOCATABLE
The e-commerce retailer that sells goods imported from China and India through eBay and Amazon. Following a change in circumstances, the owner is now seeking to sell the business and retire. The business sells a wide range of imported products throug...
LEASEHOLD
Highly profitable and fast growing business in the home décor segment. Strategic acquisition for a synergy buyer. Staff in place if required or would be suitable for relocation. Lots of opportunities for expansion. Turnover increase YoY 2020-2021 was...
LEASEHOLD
24
|
Jun
|
E-commerce imports retailer up for sale for £1.6m | BUSINESS SALE
Deals Incorporated, a Manchester-based e-commerce retailer t...
23
|
Jun
|
Auto Trader completes acquisition of Autorama at nearly 16x gross profits | BUSINESS SALE
Auto Trader has completed the acquisition of new vehicle lea...
22
|
Jun
|
Acquisitive ESG consultancy set to be sold | BUSINESS SALE
An acquisitive environmental and sustainability consultancy ...
Sign up to receive our acquisition alert emails to get your FREE guide
23
|
Mar
|
Mondelez acquires Grenade at 40x multiple | BUSINESS SALE
Mondelez has acquired protein snack bar maker Grenade for &p...
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...
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