Warburg Pincus exits Premier Foods to Japan's Nissin
Japanese noodle maker Nissin Foods has agreed to buy a 17.3% stake in diversified UK grocer Premier Foods from Warburg Pincus for GBP90 million ($129.3 million).
Warburg will sell about 142.8 million shares at GBP0.63 apiece. According to the Financial Times, the PE firm first invested in Premier by taking a 13.7% interest as part of a GBP380 million share placing...
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