Buy-out Battle for Findus Italy

Unilever’s Findus Italy has an enterprise value of about €700 million. Now it is expected to fetch up to €800 million for Unilever. With Permira and Lion Capital set to go into battle for the asset, the final bids are expected for Unilevr’s Italian frozen foods business next week.
The two private equity groups, both of which already own sizeable frozen food businesses, want to add Unilever’s Italian business to their own frozen food operations. They are going to put in offers before the Tuesday dedline. BC Partners may also join the final round of bidding.