United Biscuits, a British multinational food manufacturer, makers of the BN biscuits, McVitie’s biscuits, Jacob’s Cream Crackers, and Twiglets, is considering a market listing, according to people familiar with the situation.
Bankers for the Jaffa Cakes maker had been holding informal meetings with potential buyers in recent weeks, said some of the people. But now United Biscuits’ owners—private-equity firms Blackstone Group LP and PAI Partners—believe they may be able to get more money by going public, rather than through a sale, they added.
The company is now looking at running a so-called dual-track process, according to the people, in which United Biscuits’ owners would move forward with plans to take the company public while still engaging in talks with interested buyers to determine where they could gain the most lucrative exit.
A spokeswoman for United Biscuits declined to comment.
Tags: Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Private Equity Fund, Private Equity Investment, Private Equity Investor, Fund of Fund, Private Equity Business, Private Equity Industry, PE, United Biscuits, British Multinational Food Manufacturer, BN biscuits, McVitie’s biscuits, Jacob’s Cream Crackers, Twiglets, Jaffa Cakes, Blackstone Group LP, PAI Partners.