Triton Partners and Lion Capital are going head to head over control of Findus Group,sources told IntraFish.
Detailing its plan to Findus creditors on Friday morning, Triton said it was offering a total capital commitment of £300 million (€368.9 million/$465.4 million) to restructure the frozen food business and cut down its debt, a source close to the situation said.
That is twice the amount Lion, which currently owns Findus, is said to be offering.
It is also understood that Triton said its proposal -- which would see it take control of the company -- would reduce Findus’ debt to 3-3.5
