COMPANIES The private equity owners of United Biscuits have hired JPMorgan and Goldman Sachs to run a £2bn ($3bn) auction for the maker of McVitie’s and Penguin biscuits that is expected to attract some of the world’s biggest food groups.
Blackstone and PAI, which bought UB for £1.6bn in 2006, are considering splitting the business into two parts – snacks and biscuits – to make it more palatable for potential bidders.
