KKR & Co. Inc. is looking to acquire The Unilever Group's Continental Soup business in Australia, The Australian Financial Review's Street Talk blog reported.
The private equity giant has tapped Jefferies Australia and law firm Allens to manage the potential deal, the report noted. The pair, which helped KKR in its acquisition of Arnott's Biscuits Ltd. from
Any potential deal would include the exclusive use of the Continental brand in Australia, New Zealand and the Pacific Islands, according to the report, citing a flyer sent to potential buyers, which are likely to sell Continental's freehold property for a quick return.
