French frozen food company Picard Surgelés pass into the hands of the owner of Findus Group (Photo: Picard/FIS)
Private equity group BC Partners has agreed the sale of French frozen food firm Picard Surgelés to rival Lion Capital for up to EUR 1.5 billion including debt.
Lion Capital is the owner of the Findus Group, one of the chief frozen food companies in Europe. It also owns the Weetabix cereal and Kettle Chips brands. The group displaced other companies, including CVC Capital Partners, Eurazeo and Bain Capital, to secure exclusive privilege to talks with...
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