4 million relating to the acquisition of the Iglo
This transaction builds on the positive momentum generated by Stefan and the Iglo
Group team, and we are excited to welcome the Findus employees to the Nomad family.
It tried to sell Iglo
in 2012 but failed to get a decent enough offer.
The deal marks a bumper payday for London private equity firm Permira, who paid grocery giants Unilever just over PS1billion for the Birds Eye and Iglo
brands in 2006.
Group will also be launching information relating to their sustainability vision and forthcoming programme in late 2014.
Paul has since died, but iglo
has brought him back to life, digitally, for a major EUR 3.
Group is a leading frozen food business in Europe with brands including Iglo
and Findus in Italy.
According to accounts filed recently at Companies House, fish finger producer Birds Eye Iglo
, Odeon & UCI Cinemas and House of Fraser have all seen their operating profits more than offset by interest charges on buyout debts.
Earlier this week Unilever sold its Italian frozen-foods unit Findus to Birds Eye Iglo
, which is owned by Permira PERM.
Financial reports have linked private equity firms Permira and Lion Capital, which own Birds Eye Iglo
and Findus Group, to the deal.
The business has attracted early interest from private equity groups Permira and Lion Capital, the owners of Birds Eye Iglo
and Findus Group respectively, according to newspaper reports.
Both companies address omega 3's heart health benefits, and Iglo
further communicates DHA's positive effects on the nervous system, particularly for kids.