Buyout houses Blackstone and PAI Partners have been trying to hive off the snack arm of their United Biscuits group since March, when they appointed Credit Suisse to lead the sale process.
Pamplona Capital Management, Permira, CD&R, TDR, and CapVest are all expected to make bids before tomorrow’s deadline according to the Sunday Telegraph, which said German family-run Intersnack was also interested.
The move comes two months after Kraft UK and Ireland president Nick Bunker was appointed chief executive of the newly branded KP Snacks division, which controls household favourites including McCoy’s, Hula Hoops and Skips.
Blackstone and PAI began attempted to split off the snack arm last year following an unsuccessful attempt to sell the combined business for more than £2bn in 2010.
The firms acquired the company in 2006 for £1.6bn.
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