P-E firms Blackstone (BX -1.2%) and BC Partners are working on an increased bid for frozen foods...

|About: The Blackstone Group L.P. (BX)|By:, SA News Editor

P-E firms Blackstone (BX -1.2%) and BC Partners are working on an increased bid for frozen foods maker Iglo Group after Permira rejects their €2.5B ($3.1B) proposal as too lower, Reuters reports. Permira is looking for €2.8B-€3B, but may halt the sale and instead explore ways to squeeze a dividend out of Iglo.