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Permira Advisers LLP, a European private-equity firm, is seeking to sell Iglo Foods Group Ltd., the continent’s largest frozen-food company, for almost 3 billion euros ($3.98 billion), the Sunday Telegraph said.
Credit Suisse (CSGN) will run the auction, which will be one of the biggest private-equity deals this year, the London newspaper reported, without saying how it obtained theinformation. Iglo’s profit has grown 8 percent every year since 2008, and Permira hopes to sell the business for eight or nine times earnings, valuing it at 2.6 to 2.9 billion euros, according to the article.
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