Permira-backed Birds Eye Iglo acquires Findus Italy

The deal is worth a reported €805m, with Permira contributing approximately €300m equity.

Permira acquired Birds Eye from Unilever in November 2006 for €1.7bn and Findus Italy will now be incorporated into the company. The acquisition of Findus Italy includes the following brands: 4 Salti in Padella, Sofficini, Capitan Findus and That's Amore. Turnover for the company was €462m in 2009 and annual EBITDA is between €81-€87m.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Viktor Lundvall on +44 20 7004 7476 or viktor.lundvall@incisivemedia.com

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• DACH
• Benelux
• France
• Nordics
• Southern Europe
• CEE
• UK / Ireland
• Consumer
• Buyouts
• Permira
• Italy
• Acquisition finance