Reginal Thomas
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Bumble Is Looking To Sell


Bumble Bee Foods is gearing up for a sale process that might value the company at $1.5 billion. Lion Capital LLP is a private equity firm that owns the company, has been meeting with investment banks for weeks now trying to find the right financial advisor for the deal. The company has an annual earnings of about $130 million, and could fetch offers from other food companies in both U.S. and Asian companies. Kent McNeil, CEO of Bumble Bee said, "Un its last conference call with bond investors and analysts, Bumble Bee indicated it would likely be evaluating refinancing options during 2014."