Deals Rumor Mill: SlimFast, United Grinding, IGM Resins

By Benjamin Horney (March 2, 2018, 5:32 PM EST) -- The private equity owner of SlimFast Foods Co. is weighing a sale of the business, Bloomberg reported on Friday. According to the report, Dallas-based PE shop Kainos Capital has tapped investment bank Harris Williams to oversee an auction for SlimFast, which it acquired four years ago from Unilever PLC. The company is expected to be valued at around $400 million at auction, the report said, and other private equity firms are among the prospective suitors. SlimFast has lost a lot of value in the years since it first rose to popularity, as Unilever paid $2.4 billion to buy SlimFast in 2000, the report detailed....

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