Multinational food and beverage company Nestle announced this week it is exploring options to sell off its subsidiary Davigel—provider of branded frozen and chilled food products, ice-cream and solutions for out of home in Europe as part of its on-going portfolio review.
The company is currently in exclusive negotiations to sell Davigel to the Brakes Group, a European food service operator owned by the private equity manager Bain Capital. Nestle said the decision came as part of its ongoing portfolio review.