Finance partners 'working together' but silent on Iglo bid

By Mike Stones

- Last updated on GMT

Related tags: Birds eye

The Iglo group was reportedly valued at $3bn
The Iglo group was reportedly valued at $3bn
Finance houses BC Partners and Blackstone are working together but would not confirm reports of a joint $3bn bid for multi national frozen food business Iglo.

A spokeswoman for BC Partners told FoodManufacture.co.uk: “We are working with Blackstone.” ​But she refused to confirm or deny press reports of a joint bid for Iglo, which valued the group at $3bn.

Iglo, owner of the Birds Eye brand in Europe, was bought by present owner Permira from Unilever for €1.7bn six years ago.

50% stake

If the deal goes ahead, BC Partners and Blackstone will both hold a 50% stake in the business.

Iglo produces and markets premium branded frozen food products in 11 countries and distribute across a number of other countries in central and eastern Europe.

The group’s core brands of Birds Eye, Iglo and Findus in Italy.

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