United Biscuits To Be Sold In Private Equity Deal (BX)

Private Equity firm BlackRock BX is looking to sell United Biscuits, the iconic UK consumer goods company, which could raise more than 2 billion pounds after the sale is completed, according to this report. United Biscuits, which also makes McVitie's Digestives, Penguin and Twiglets, is separated into a snacks and a biscuit division. Blackstone and PAI will appoint bankers to undertake a strategic review of the company. Goldman Sachs, JP Morgan and Credit Suisse were invited to Blackstone's London headquarters to discuss this on Tuesday.