€1.4bn bid expected for frozen food businesses

A CONSORTIUM of private equity firms was yesterday reported to be preparing a €1.4 billion bid for Unilever’s frozen foods arm which includes Birds Eye.

Capvest, CVC Capital and Kohlberg Kravis Roberts (KKR) have teamed up to buy the business, according to the Sunday Times.

Unilever put most of its European frozen food business up for sale in February as it struggled to find market growth. Among the brands being sold are Birds Eye and Iglo.