United Biscuits Said to Draw Interest From China’s Hony Capital

Hony Capital Ltd., the Chinese private-equity firm that manages more than $6.8 billion, is examining a potential bid for United Biscuits Holdings Ltd. that could involve teaming up with a corporate buyer, people familiar with the matter said.

Beijing-based Hony has held informal talks with owners Blackstone Group LP and PAI Partners SAS about acquiring the maker of Digestives biscuits, said the people, who asked not to be named because the deliberations are private. It’s not clear whether Hony will proceed with an offer, said the people, who declined to identify the potential partner.