La Doria, a listed Italian producer of tomato-based products, canned vegetables and fruit juices, has said that negotiations are in process between holders of a 63% stake in the company and private equity firm Investindustrial.
Previous fund held a final close in 2012 with capital commitments of USD 840m
MoU marks LBO France's first foray into the Chinese market, with plans to open a local office
ECI bought the asset from Phoenix less than three years ago
Silver Lake, CVC, Advent and KKR are already set to join the race, sources say