Blackstone Eyes Tangerine Stake

Blackstone Group is seeking to acquire a 40% stake in U.K.’s Tangerine Confectionery.

Blackstone Group is seeking to acquire a 40% stake in U.K.’s Tangerine Confectionery, The Wall Street Journal reports. The private equity group will acquire the stake currently owned by Growth Capital Partners.

Rothschild has been appointed to manage the sale, which is likely to value the Lancashire-based company at up to £130 million. Tangerine, which has a turnover of around £160 million, is 60% owned by its senior management.

Click here for the story from The Wall Street Journal.