FDBusiness.com

On 14 November 2014, Nestlé announced that it was exploring strategic options for the development of its subsidiary Davigel, a leading provider of branded frozen and chilled food products, ice-cream and solutions for out of home in Europe as part of its on-going portfolio review.

Nestlé has now 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 transaction is subject to consultations with the relevant works councils and the approval of the competition authorities. Financial details are not being disclosed.