Private-equity firm Lion Capital is in talks to sell the Nordic operations of frozen-food maker Findus Group.
Lion is said to be in discussions with two possible bidders for the business. A sale could allow the private-equity group to focus on its Findus operations in the UK and in France.
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A spokesperson for Findus declined to comment on the future of the company’s Nordic unit but said: “Together with our owners Lion Capital, we’re continually reviewing all our strategic options. As you’d expect from any forward-looking company, we’re always proactively exploring options for the company.”
The rights to the Findus trademark in Europe are split between Lion Capital and fellow private-equity firm Permira. As well as the businesses in the Nordic region and France, Lion’s Findus operations include UK division Young’s Seafood Ltd, which was formed in February and comprises the old Findus UK unit, Young’s Seafood and own-label supplier The Seafood Co.
Permira, which also owns Birds Eye owner Iglo Group, acquired the rights to the Findus brand in Italy last year from Unilever.
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