Lion Capital said it would acquire Foodvest Group from funds advised by CapVest Ltd., for £1.1 billion ($2.2 billion/€1.4 billion), the firms announced Tuesday.

Foodvest is a major European food group with operations in the United Kingdom, Scandinavia, France and a growing presence in Central and Eastern Europe. It is the parent company of Young's Seafood, Findus, and The Seafood Company.

"In the last year, we put two big European businesses together," said Harkjaer (pictured). "What they want to do take is take it to the next level.There's