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.