Blackstone and CD&R Reportedly Eyeing Acquisition of The Magnum Ice Cream Company
Private equity firms Blackstone and Clayton, Dubilier & Rice (CD&R) are reportedly considering bids for The Magnum Ice Cream Company (TMICC), which was spun off from Unilever late last year. According to sources familiar with the matter, the firms are in the early stages of exploration, monitoring TMICC's share price performance and summer sales figures before proceeding. Following the news, TMICC shares rose nearly 12% in London. Unilever retains a 19.9% stake in the ice cream giant, which it plans to reduce gradually over five years. TMICC, now the world's largest standalone ice-cream manufacturer with a 21% global market share, recently reported strong first-quarter results, including 2.9% organic volume growth and €1.77 billion in sales. Despite supply chain disruptions, the company maintained its full-year guidance for 3-5% organic sales growth. CEO Peter ter Kulve highlighted improved operational rigour and innovation as key drivers. Unlike rival Froneri, TMICC focuses exclusively on branded products such as Wall’s, Cornetto, and Ben & Jerry’s. Both private equity firms declined to comment on the reports.
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