Intermediate in Talks on Symington’s Stake, Sunday Times Says
Intermediate Capital Group Plc (ICP) is in talks to buy a stake in Symington’s, a U.K. food producer which is seeking capital to buy new brands, the Sunday Times reported, without saying how it got the information.
Symington’s, owned by Bridgepoint Development Capital, may be looking to buy Premier Foods Plc (PFD)’s Angel Delight and Birds Custard brands, the newspaper reported, and has been exploring ways to raise cash. Intermediate Capital may purchase a “big” stake, the Sunday Times said, without further details.
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