date:Jul 10, 2012
rease Birds Eye's debt from 4.2times ebitda to 5.5 times, almost 2 billion euros. While much ofthe cash will be used to fund dividends to Permira, to ensurethat its investors realise some near-term reward from the assetafter an abortive sale process, the remainder is expected tofund expansion, both organic and acquisitive.
That could entail a bid for some of the assets of Findus Group,a rival foodmaker owned by the private equity group LionCapital, which is looking to break up the struggling co