Trilanctic in sale talks over MW Brands

UBS has been hired to coordinate the process and the price tag is rumoured to be £400m.

MW Brands was acquired by Trilantic (formerly the private equity arm of Lehman Brothers) in 2006. The deal was valued at €425m with a €315m debt facility arranged by Rabobank including a €42.9m mezzanine tranche.

In January this year, European Capital announced the sale of €7.2m of senior subordinated debt from MW Brands. European Capital initially provided funding to support the acquisition of MW Brands from Heinz in July 2006, investing €6.1m in senior subordinated debt alongside equity sponsor Lehman Brothers Merchant Banking.

Paris-based MW Brands is a producer of seafood, specializing in tuna-based products and also selling a comprehensive range of salmon, mackerel, sardines, seafood spreads and other seafood products. Its core brands include canned fish producer John West, canned tuna producer Petit Navire, canned sardine producer Hyacinthe Parmentier and canned tuna producer Mareblu.

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• Topics
• Buyouts
• France
• Consumer
• France
• European Capital