Mon, 19 Dec 2011 | DIVISION SALE
Britain’s largest biscuits manufacturer, United Biscuits, could be broken up in a renewed effort for a sale.
Private equity owners PAI Partners and Blackstone are considering breaking the company up and selling off divisions to generate £2 billion.
The break up would involve PAI Partners and Blackstone holding on to the larger biscuit business until 2013.
News of a potential sale first emerged in July 2010, and while there has been interest from third parties on various occasions, none of them has taken a bite.
Chinese foods group Bright Food had been in exclusive talks for a £2.5 billion deal last year, which would have included debts, but the discussions failed.
The difficulty in securing a taker for the biscuits business has been put down to a lack of appetite for big deals. One banker said to the Financial Times: “There’s not a great deal of trade interest. That leaves private equity, and there is no money there. So the deals happening at the moment are relatively small and United Biscuits is a big beast.”
Potential trade buyers have included US food groups Kraft, the Campbell Soup Company, and Kellogg’s.
United Biscuit’s numerous brands include Penguin, Jaffa Cakes, Carrs, McVitie’s, Twiglets, Hula Hoops and Go Ahead.
The successful purchaser will acquire a fast growing, leading independent recruitment agency, providing temporary, contract, an permanent positions and solutions across various sectors nationwide.
It’s a family business, known for its reliability, its good network and competitive pricing, working for well-established builders and civil engineering companies, enjoying an excellent reputation, predominantly in Manchester and the Northwest.
This is an excellent opportunity to acquire a traditional fishmonger serving a retail, wholesale, and internet clientele, prominently situated in the heart of an affluent market town. This is a truly fully set, turnkey opportunity with an income stre...
25
|
Apr
|
Scaffolding company Hi-Point Access raises funds following Gap acquisition | BUSINESS SALE
Sheffield scaffolding company Hi-Point Access has secured &p...
24
|
Apr
|
Malaysia's IJM buys a stake in London construction firm JRL | BUSINESS NEWS
IJM Corporation Berhad has bought a 50% stake in Borehamwood...
24
|
Apr
|
Training group Babington bought by PE-backed Knovia | BUSINESS SALE
Apprenticeship and training provider Babington has been acqu...
25
|
Apr
|
Scaffolding company Hi-Point Access raises funds following Gap acquisition | BUSINESS SALE
Sheffield scaffolding company Hi-Point Access has secured &p...
24
|
Apr
|
Red Blaze chooses employee ownership | BUSINESS SALE
Twigworth, Gloucester-based events business Red Blaze has tr...
24
|
Apr
|
Training group Babington bought by PE-backed Knovia | BUSINESS SALE
Apprenticeship and training provider Babington has been acqu...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.