Rothschild has been appointed to sell the company on behalf of CVC and co-owner Guinness Peat Group (GPG), according to a report by the Wall Street Journal.
The company’s brands include baking products maker Green’s, oat product maker Lowan Whole Foods and Poppin Microwave Popcorn.
CVC bought the company alongside GPG for about A$40m when Nestle Australia subsidiary Nestle Purina Petcare bought the broader Green’s business, the report said.
Earlier this week CVC’s Asia Pacific arm invested in Hong Kong-listed women’s footwear maker C.banner through a combination of secondary share and bond purchases.
C.banner said CVC bought RMB138.6 million ($22m) worth of convertible bonds and HK$294.5m ($38m) in exchangeable bonds.
The firm said in a separate release it also invested in C.banner through secondary shares, but didn’t specify the amount.
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