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Buyout fund CVC hires banks for $1.1 billion Continental Foods sale - sources

Reuters  |  LONDON 

By Martinne Geller and Pamela BarbagliaLONDON (Reuters) - Private equity fund CVC Capital Partners has picked advisers to sell its food firm Continental Foods in a deal that could be worth more than 1 billion euros ($1.12 billion), sources familiar with the matter told Reuters on Monday.The business, which produces soups, sauces and bouillons, includes brands like Liebig in France and Erasco in Germany.CVC has owned it since late 2013, when it purchased it from Campbell Soup for 400 million euros ($447.1 million).CVC's decision to sell Continental Foods comes amid a wave of deal-making in the ...

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First Published: Mon, June 19 2017. 22:21 IST