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Buyout Funds Submit Offers For Food Group Iglo Thursday - Sources

By Marietta Cauchi and Jessica Hodgson Of DOW JONES NEWSWIRES LONDON -(Dow Jones)- A handful of private-equity firms will submit first-round bids for frozen-food company Iglo Group by Thursday's deadline, people familiar with the situation told Dow Jones Newswires. Bain Capital, Clayton Dubilier & Rice, PAI Partners, Blackstone Group LP (BX) and BC Partners are expected to put in bids, the people added. Permira, the private-equity owner of Iglo, has hired Credit Suisse Group AG (CS) to run the auction for the business, which has been valued between EUR2.5 billion and EUR2.6 billion, or between eight and nine times earnings before interest, taxes, depreciation and amortization. Iglo is Europe's largest frozen-food company by sales and makes products under the Captain Birds Eye and Findus brands in Italy. It posted Ebitda of EUR325.8 million on revenue of EUR1.6 billion for 2011. Permira bought Iglo from Unilever PLC (UL) for EUR1.7 billion in 2006, and in July 2010 recombined Birds Eye with Unilever's other frozen-food business, Findus Italy, in a GBP675 million deal. -By Marietta Cauchi and Jessica Hodgson, Dow Jones Newswires; +44 207 842 9241; marietta.cauchi@dowjones.com

Stock News for Blackstone Grp Lp Ut (BX)
DateTimeHeadline
07/30/201518:56:13Statement of Changes in Beneficial Ownership (4)
07/30/201518:55:44Statement of Changes in Beneficial Ownership (4)
07/30/201518:54:48Statement of Changes in Beneficial Ownership (4)
07/30/201501:10:43Singapore Sovereign-Wealth Fund Expects Lower Returns
07/29/201514:40:07Judge Approves Optim Energy Plan to Exit Bankruptcy
07/29/201507:30:04Hilton's Profit Slides as Expenses Rise
07/28/201520:40:25Global Logistic Properties to Buy 200 U.S. Warehouses for $4.6...
07/28/201520:32:52Global Logistic Properties to Buy 200 U.S. Warehouses For $4.6...
07/28/201518:10:47Owners of Interstate Hotels & Resorts in Talks to Sell Company
07/28/201516:01:00Blackstone Mortgage Trust Reports Second Quarter 2015 Results
07/27/201521:30:30Blackstone Quickly Replaces Departing Finance Chief
07/24/201512:29:06Current Report Filing (8-k)
07/24/201507:50:25Ukraine Makes Bond Interest Payment
07/23/201509:00:00Utility One Source Announces Partnership with TNT Equipment
07/22/201511:35:00Accuvant & FishNet Security Experts to Demonstrate Unique Burp...
07/22/201508:20:09Blackstone Moves Into Nordic Real Estate
07/21/201516:30:54Caesars Fights to Avoid Bankruptcy
07/20/201514:50:47Blackstone Takes Majority Stake in First Eagle
07/16/201517:32:19Statement of Changes in Beneficial Ownership (4)
07/16/201510:03:15Blackstone Earnings Miss Expectations, but Keep Your Eyes on...

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