Swedish private equity fund Summa Equity is preparing to exit Polish processing giant Milarex and has started the sales process, DNB Markets Head of Seafood Per Even Hauge confirmed to IntraFish.

Summa Equity has engaged DNB Markets as financial advisor on the process.

"The mandate is quite fresh and we are preparing to distribute teasers to potential suitors," Hauge told IntraFish.

Potential buyers could be either a new private equity owner or an industrial company, Hauge said, adding that for an industrial owner Milarex could be a logical integration of the value chain.