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May 06, 2015 5:10 PM ET

Food Products

Company Overview of Findus Group Limited

Company Overview

Findus Group Limited produces and markets a range of frozen food and seafood products. It offers frozen food products that include vegetables, vegetable mixes, prepared meals, recipe dishes, and bakery items; and frozen fish and seafood products. Findus Group Limited was formerly known as Foodvest Limited and changed its name to Findus Group Limited in May 2009. The company was founded in 1941 and is based in London, United Kingdom. Findus Group Limited operates as a subsidiary of Lion / Gem Luxembourg 3 SARL.

77 Kingsway

First Floor

London,  WC2B 6SR

United Kingdom

Founded in 1941

Phone:

44 2074 308 181

Key Executives for Findus Group Limited

Group Chief Executive Officer
Group Chief Financial Officer and Company Secretary
Chief Executive Officer of UK
Chief Executive Officer of Southern Europe
Chief Executive Officer of Sweden
Compensation as of Fiscal Year 2014.

Findus Group Limited Key Developments

Findus Not Planning To Sell UK Business

Findus Group Limited is not planning to sell asset. The company stated that there is ‘no sale process underway’ for its UK business after speculation that its shareholders are preparing to sell its business in the country. Initially Sky News reported that Findus's investors have ‘begun discussions’ about a possible sale of its UK operations later in 2015. Unnamed banking sources told Sky News that advisers had not been appointed but insisted a move was likely in the coming months. According to news report, a spokesperson for Findus aid, “There is no sale process underway for the UK business, or any other part of Findus Group, at this time.” Findus’ shareholders, Lion Capital LLP, JPMorgan Chase & Co. (NYSE:JPM), and Highbridge Capital Management, LLC declined to comment saying, “Lion Capital does not comment on speculation of our portfolio of companies”, the news report mentioned. It also added that a spokesperson for Highbridge said, “The firm does not have any comment regarding Findus,” while JPMorgan did not respond to requests for comment.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 8, 2015
Nestlé España S.A., La Cocinera Frozen Meals Business
 

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