Young's owners 'exploring multi-MILLION pound sale'
The owners of Young's Seafood are looking to sell the frozen food giant
The Press Association is reporting that Lion Capital, Bain Capital and hPS Investment Partners (UK) are working with boutique investment house Stamford Partners on a potential exit.
Grimsby-based Young's Seafood, which has a history dating back 200 years, recorded turnover of £496.5million last year and booked earnings of £21.2 million, according to accounts filed at Companies house.
Young's was acquired by its current owners from CapVest in 2008 as part of a £1.1 billion takeover that also included the Findus brands.
Lion broke up the operation in 2015, striking a £500 million deal to sell the european arm of Findus to Birdseye-owner Nomad Foods, leaving it with the Young's operation in the UK.