Private equity hungry for €215m Bimbo deal

The company, which is currently owned by US multinational Sara Lee Corp, could sell for between €175-215m, in an auction run by Rabobank Groep and NM Rothschild & Sons, according to Spanish newspaper Expansión.

International firms Bimbo México, Barilla, CSM and Aryzta and Spanish competitors Panrico (backed by Oaktree Capital) and Panasa (owned by Mercapital) are also said to have expressed an interest. MCH-backed Europastry, Spain's largest frozen pastry manufacturer, is not thought to be tempted by the deal however.

Bimbo was founded by Jaime Jorba in 1945 and generated losses of €11.7m last year.

Non-binding bids are due by the end of July.

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• Topics
• Southern Europe
• Buyouts
• Consumer
• MCH Private Equity
• Magnum Capital Industrial Partners