UK - Blackstone and Premier only remaining bidders for United Biscuits

The final round of the auction for United Biscuits gets underway this week with Blackstone and Premier Foods the only remaining contenders. While Blackstone's bid is fully funded, there is doubt as to whether the Premier consortium can raise the capital after Kohlberg Kravis Roberts dropped out. Lion Capital is currently in talks with Premier about participating in the bid. NPM Capital, a Dutch private equity group is also part of the Premier consortium.