Nestlé has recently announced that it has entered into exclusive negotiations for the sale of Davigel with the Brakes Group, a leading European food service operator owned by the private equity manager Bain Capital.
The sale of Davigel was initially made public by Nestlé towards the end of last year, when it mentioned that it was looking for strategic options for the development of its subsidiary, which provides branded frozen and chilled food products, ice cream and solutions for out of home in Europe.
The transaction is subject to consultations with the relevant works councils and the approval of the competition authorities. Financial details are not being disclosed.