Reuters – Blackstone, BC Partners Team up For Iglo Bid

Private equity groups Blackstone and BC Partners have teamed up to bid for Europe’s largest frozen foods maker Iglo Group, which seller Permira hopes will fetch some 2.8 billion euros ($3.55 billion), a person familiar with the situation said, according to a Reuters report Wednesday.

 

(Reuters) – Private equity groups Blackstone and BC Partners have teamed up to bid for Europe’s largest frozen foods maker Iglo Group, which seller Permira hopes will fetch some 2.8 billion euros ($3.55 billion), a person familiar with the situation said.

 

The two are the last in the frame for the Birds Eye Fish Fingers maker, after PAI Partners pulled out of the process last month, unable to meet the asking price on its own or find a partner for a joint bid, sources familiar with the situation said earlier.