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Blackstone, Affinity May Bid For Meat Co

Private equity firms, such as Blackstone Group and Affinity Equity Partners, may acquire a 50% stake in Australian meat products company Primo Smallgoods.

    Private equity firms, such asBlackstone GroupandAffinity Equity Partners, may acquire a 50% stake in Australian meat products companyPrimo Smallgoods,Reutersreports. The sale is expected to fetch about $950 million.

    Affinity is coordinating with about 12 banks on a financing package to back its potential bid. Primo Smallgoods had earlier appointedMacquarie Capitalto run a dual-track IPO and sale process.

    Click here for the story fromReuters.

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