Nomad Holdings to buy frozen foods maker Iglo for $2.79 billion
By Reuters
Apr 20, 2015 09:18 AM EDT
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A Birds Eye frozen spaghetti bolognese meal is seen in a grocery store in London February 22, 2013. (Photo : Reuters)
Nomad Holdings Ltd (NHL.L) said it would buy Iglo Foods Holdings Ltd, Europe's biggest frozen foods business and the company behind the Birds Eye brand, for about 2.6 billion euros ($2.79 billion) from a company backed by private equity group Permira.
The deal is expected to be funded through a combination of Nomad's cash on hand, equity, and the proceeds from a private placement to raise about $750 million, Nomad said on Monday.
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