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Buyout firms PAI Partners and Blackstone Group look set to make a strong return on their investment in UK food company United Biscuits after selling part of the portfolio company to a German trade buyer for more than £500m.

Proceeds from the sale of KP Snacks - which includes brands such as McCoy's, Hula Hoops, Skips and KP Nuts - to Intersnack Group will be used to pay down debt in the remaining United Biscuits company.

Buyout duo win out on United Biscuits unit

Proceeds of £500m from the sale of KP Snacks will be used to pay down debt in the remainder of the company

Paul Hodkinson

Blackstone Group

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