3i exits Frozen Value via management buy-back

UK buyout giant 3i has exited discount grocery retail chain Frozen Value via a management buy-back.

The company, which trades under the Fultons Foods brand, has been in the private equity firm's portfolio for a holding period in excess of 14 years.

It will now be wholly owned by its existing managing director, Kevin Gunter, and finance director Karen Rees.

Frozen Value was founded more than 50 years ago by market trader Jack Fulton.

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

Several investors placed bids for the company in 2022 but mismatch in pricing didn't lead to a deal

GP has owned the Norway-headquarterd market research business for almost four years

French employee savings distribution and management firm could be valued at a few hundred million euros

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

Czech Republic-headquartered family office is targeting DACH and CEE region deals

Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO

Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds