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Unilever's Margarine Unit Gets Bids From Bain, CD&R

  • CVC-Blackstone is also said to bid, with KKR-GIC eyeing offer
  • The unit could be valued at as much as 7 billion euros
Updated on

Unilever has received offers for its margarine and spreads unit from bidders including a consortium of Bain Capital and Clayton Dubilier & Rice, according to people familiar with the situation.

A group consisting of Blackstone Group LP and CVC Capital Partners also made an offer for the underperforming spreads business, valued at around 7 billion euros ($8.3 billion), said the people, who asked not to be be identified because the process is confidential. Buyout firm Apollo Global Management has placed a bid alone, they said.