Reuters: Private Equity: Buyout groups team up for joint Iglo bid -source

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Buyout groups team up for joint Iglo bid -source Jun 20th 2012, 09:45 By Simon Meads LONDON, June 20 | Wed Jun 20, 2012 5:45am EDT LONDON, June 20 (Reuters) - Private equity groups Blackstone and BC Partners have teamed up to bid for Europe's largest frozen foods maker Iglo Group, which seller Permira hopes will fetch some 2.8 billion euros ($3.55 billion), a person familiar with the situation said. The two are the last in the frame for the Birds Eye Fish Fingers maker, after PAI Partners pulled out of the process last month, unable to meet the asking price on its own or find a partner for a joint bid, sources familiar with the situation said earlier.

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