Intersnack has acquired KP Snacks from The Blackstone Group and PAI partners portfolio company United Biscuits, in a deal reportedly worth around £500m.
The transaction is expected to complete in the first quarter of 2013. The deal was funded by a combination of shareholder equity and debt underwritten by Commerzbank, HSBC Tinkhaus & Burkhardt, HSBC...
In line with previous investments by the GP, the business will grow via a buy-and-build approach
Offer values the company’s shares at €139.6m and will be followed by an Euronext IPO
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