Blackstone and CVC interested in Becel | RetailDetail

Blackstone and CVC interested in Becel

Blackstone and CVC interested in Becel

Blackstone and CVC Capital Partners plan to launch a joint bid for Unilever’s margarine division, which includes brands like Blue Band and Becel. The fee is allegedly 6 billion pounds (6.7 billion euro).

Other interested parties

Former Marks & Spencer CEO, Marc Bolland, and former Unilever director, Harish Manwani, currently both work for Blackstone and are apparently driving forces behind the Blackstone and CVC bid. 


Investment firms CD&R and Bain Capital are allegedly preparing a similar bid and investment firms Apollo Management and KKR are also believed to have expressed an interest. Even Kraft Heinz is probably keeping an eye on the situation.


It was revealed in March that Unilever wanted to sell its margarine division, a consequence of the turned down Kraft Heinz bid. That caused a lot of turmoil within its shareholders’ ranks, as some seek more short-term profit. It prompted Unilever to sell its margarine division, which did not grow as much as hoped in the past few years. This in turn put pressure on the company’s overall growth. Unilever achieved a 2.9 % autonomous growth in the first quarter, but that would have been 3.4 % if the margarine division is excluded.


Unilever wants to sell this year, but there are multiple paths to reach that end: it could sell it directly to someone else, but it could also split off the division, giving it a separate listing on the stock exchange.

Questions or comments? Please feel free to contact the editors

Gerelateerde items

Nestlé has lost KitKat's four fingers


Chocolate bar KitKat’s four “fingers” are not distinctive enough to give Nestlé sole ownership. With its statement, the European Court has now ended a long-standing legal battle between KitKat and Leo.

EU votes for better organic label legislation


European Parliament adopted a bill to regulate the organic industry: things will be stricter, but also fairer and clearer. An organic label and importation legislation should help promote Europe’s local organic manufacturing companies.

Heineken and Bavaria seek fortune outside of Europe


Even though the European beer market continues to struggle, Dutch brewery groups Heineken and Bavaria have published growing turnovers. Bavaria set a record turnover, Heineken raised its turnover 4.3 % in the past quarter.

Danone boasts strongest like-for-like turnover increase in past five years


French food giant Danone’s first quarter was an impressive one: like-for-like turnover grew 4.9 %, its best performance in the past five years.

Weak dollar has negative impact on Unilever


Unilever has seen its first quarter turnover drop more than 5 % because of negative exchange rate fluctuations. Excluding that impact, the food and care product manufacturer’s turnover would have grown 3.4 %.

End in sight for price dispute between Nestlé and Colruyt, Edeka and Intermarché?


ColruytEdeka and Intermarché are approaching a deal in their price dispute with Nestlé. The Swiss food manufacturer will make concessions in a new proposal as the retailers’ supplies are dwindling.