Young's Seafood has become the subject of a three-way bidding war, as a potential £200 million (€224 million/$254.8 million) sale of the frozen food manufacturer nears conclusion, reports The Telegraph.
Former private equity owner CapVest, Japan’s Mitsubishi Corporation and UK Fisheries -- a joint venture split equally between Samherji and P&P -- are all understood to be pursuing a deal, expected to be complete by September.
A swoop by CapVest would mark a reunion with Young’s after it offloaded the business 10 years ago.
