date:May 14, 2012
P is keen to expand Birds Eye in Asia and eastern Europe, where the frozen food market is smaller. The Times said CP may team up with another private equity firm in order to make an offer for all of Birds Eye, which also includes Iglo operations in Europe.
Besides Blackstone and BC Partners, according to Reuters, first-round bidders for Birds Eye include Bain Capital and PAI Partners. Clayton Dubilier Rice is also said to have submitted its bid and Iglo has attracted interest from trade buyer