Disposal of Findus UK to Management

DATE
April 2005

TRANSACTION TYPE
Corporate Disposal

VALUE
£ Undisclosed

SECTOR
Food & Beverage

Spayne Lindsay & Co. advised Findus AB on the disposal of Findus UK.

Findus AB, the international frozen food business owned by EQT Partners A/S, has sold Findus Ltd to a management buy-in team as part of a disposal programme of non-core assets.

Findus Ltd, the UK operation of Findus AB, produces a range of frozen food products including pasta products, crispy pancakes, prepared meals, pizzas, and recipe dishes for the UK, French and Swedish markets.

Spayne Lindsay advised Findus AB on this transaction, the terms for which were not disclosed.