The Deal
Saturday, November 21, 
5:51 pm

Hungry for more

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Private equity firms are chomping at the bit.

European buyout shop CapVest Equity Partners announced Monday, Jan. 30, plans to take Scandinavian frozen foods purveyor Findus AB from EQT Partners AB for what sources say is nearly $665 million.

EQT acquired Findus, which operates factories across Western Europe, from Nestle SA in 2000. While terms of the sale to CapVest were not disclosed, an EQT partner said they did see a profit.

In other buyout news, The Deal reported this morning that Boston-based Bain Capital LLC evidently bought control of natural pet-food company Nutro Products Inc. in late December, with neither company releasing a formal statement.

A source put the price at nearly $1 billion for a company that, analysts said, barely shopped itself if it even did so at all. — Carolyn Murphy

Go to Reuters story about Philips
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