Sunday 10 April 2011 11:06 pm Findus in talks over building war chest whatsapp whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Tags: NULL Share Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Ads KCS-content FINDUS Group, the frozen foods company that makes Crispy Pancakes, is in discussions with banks with a view to funding a possible £1bn acquisition war chest.The private-equity owned food group confirmed it has met with its banking syndicate, which includes Lloyds, RBS and JP Morgan. It added that it is considering all options, including making acquisitions and internal growth. A spokesman said: “The company confirms that it has approached its lending syndicate to seek an appropriate long term financial structure to fund the business’s future expansion. It is expected that this growth will predominately be organic in nature, whilst not ruling out bolt on strategic acquisitions.“The new structure, if agreed, will increase the company’s ability to expand and will be in sterling thereby significantly reducing the substantial currency effects of Findus’s current euro-denominated borrowings.”Findus did not say how much it was hoping to raise, although the it is understood to be aiming for £1bn.Weetabix owner Lion Capital acquired Findus and rival frozen foods business Young’s for a combined £1.1bn in 2008 from private equity house CapVest.Lion also bought French frozen-food firm Picard Surgeles from BC Partners in July last year in the country’s biggest leveraged buyout since the September 2008 collapse of Lehman Brothers. People familiar with the matter said the deal placed an enterprise value of about €1.5bn (£1.3bn) on Picard.