Possible sale of horsemeat scandal company Findus

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

Share this article

Latest Businesses for Sale

Printed Packaging Manufacturer
London, South East, UK

Long established with strong brand identity. High Levels of repeat business. Continually expanding customer base. Offers invited.

Asking Price: Offers Invited
Turnover: £847,000

Industrial & Elevator Door Engineering
South of England, UK Wide

Very High profile customer base. Framework agreement with world's leading elevator manufacturer. Outstanding track record . Exciting expansion opportunity. Offers invited.

Asking Price: Offers Invited
Turnover: £925,000

Automotive Development & Tuning Business (Fast Sale)
UK Wide

For Further Information: All enquires including requests for a non-disclosure agreement (NDA), should be directed to the below together with Your Name, Registered Company Name and Contact Number: Unconditional offers together with proof of funds to b...

Asking Price: Offers Invited
Turnover: £445,000

View more businesses for sale

News Search

Latest News


Fine paper business enters administration | ADMINISTRATION

Arjowiggins UK, which operates a number of trading companies...


Hawk Plant enters administration | ADMINISTRATION

The Shropshire company, that has previously undertaken landm...


North East furniture manufacturer has entered administration | ADMINISTRATION

Godfrey Syrett, which describes itself as a “true Brit...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide


Related News


GHD sold to private equity group | BUSINESS SALE

Hair straightener firm GHD has passed to private equity firm...


La Senza to be put into administration in the new year | ADMINISTRATION

Lingerie retailer La Senza is due to be fitted into administ...


La Senza to consider restructuring options | ADMINISTRATION

Lingerie retailer La Senza, owned by private equity firm Lio...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources