TRLPC-Private equity firms face more competition for buys

April 23, 2015 5:01 PM

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LONDON, April 23 (Reuters) - Private equity firms are facing increasingly stiff competition from a growing breed of entrepreneurs and high net worth individuals as Nomad Holding's acquisition of Europe's biggest frozen foods business, Iglo Foods showed this week.

Nomad was founded by Noam Gottesman and Martin Franklin. Israeli-American Gottesman is founder of investment firm Toms Capital and co-founder of hedge fund GLG Partners, while Franklin is founder and executive chairman of Jarden Corp, which has already bought well-known consumer brands.

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