Nomad Holdings has completed the previously announced acquisition of frozen food company Iglo Foods from Permira Advisers for €2.6bn. Said to be Europe's largest branded frozen food company, Iglo operates in 12 countries in Europe, ...
Tags: Agriculture, Food, frozen food
South African retail heavyweight Christo Wiese through his private equity vehicle Brait SE has acquired 90 per cent stake in UK fast fashion apparel retailer New Look. Brait SE has acquired the stake for £780 million, primarily ...
Tags: Brait, Apparel Retailer, Apparel
Nomad Holdings Ltd. has agreed to acquire Iglo Foods Holdings Ltd., said to be Europe’s largest branded frozen food company, from Permira Advisers LLP in a deal worth €2.6bn. Subject to customary closing conditions, Nomad ...
Tags: Iglo Foods, Nomad
One Equity Partners (OEP) will go ahead with the sale of Austrian flexible packaging company Constantia Flexibles after it failed to list the company on the stock exchange. JP Morgan owns 50% of OEP and has received expressions of ...
Tags: One Equity Partners, packaging company Constantia, Agriculture
Wild Flavors is reportedly geared up for sale in a deal that could value the ingredients firm at €1.5bn. Information packages to pre-selected bidders are expected to be sent later this month by Citigroup, which is managing the sale ...
Tags: Flavors Firm, Information packages
The CEO of Iglo Group, Martin Glenn, has announced his intention to step down after six years at the helm. jGlenn, who has led the business since the Permira-backed buyout in 2006, will remain as an investor in the business and stay on ...
Tags: CEO, Iglo Group, Martin Glenn, helm
For the 14 week period to December 29th 2012, ex VAT sales for the Group were +4.5% and for the UK were +4.0% and +3.7% LFL. Additionally gross margin was significantly ahead of last year as a result of tight management of stock, and lower ...
Tags: ex VAT sales, New Look, online sales, company news
German snack company Intersnack is finalizing an agreement to acquire UK-based United Biscuits' snacks business, KP Snacks, for more than £400m. Intersnack and KP Snacks are likely to announce the agreement this week, reported ...
Tags: snack, acquire, Intersnack, KP Snacks, food, potato chips
Private equity firms Blackstone and BC Partners are planning to submit a revised offer for frozen food company Iglo, after Permira rejected their earlier EUR2.5bn bid as too low. Blackstone and BC Partners, which are the last remaining ...
Tags: Blackstone, frozen food company, the biggest private equity transactions
Private equity firms Blackstone and BC Partners are set to submit a joint bid for frozen food company Iglo, in a deal which is expected to value the company at $3bn, including debt. The two firms, which were earlier competing with each ...
Tags: frozen food company, Blackstone, pea, poultry and potato waffle products
UK-based private equity firm Permira has hired banks to provide additional debt for its frozen food company Iglo,which owns the Birds Eye brand. Credit Suisse,HSBC,Nomura and UBS will be managing the Iglo transaction,under which€250m ...
Tags: debt, frozen food, banks
Private equity firm Permira has cancelled its plans to both refinance and sell the frozen food company Iglo. Permira had planned a dividend recapitalization with Credit Suisse and Deutsche Bank and was expecting to raise ...
UK frozen food manufacturer Iglo Group has booked an increase in first-half profits but warned it expects markets in the second half of the year to remain "challenging". EBITDA in the six-month period climbed 12.8% to GBP180.3m ...
Tags: frozen food, snacking, takeaway style, fish, poultry, vegetables
US packaged foods company ConAgra has completed the acquisition of Unilever's North American frozen meals business for a total cash consideration of$267m,a move which will strengthen its frozen food business. The agreement to acquire ...
Tags: acquisition, frozen meals business, cash consideration
Unilever has offloaded its frozen meals business in North America to ConAgra Foods, the consumer goods giant announced today (30 July). The US$265m sale of products sold under brands including Bertolli and P.F. Chang's was part of ...
Tags: Unilever, frozen meals, food, frozen foods