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Private equity drives appetite in the European food sector

Activity in the European food sector is rising with the value of deals completed already well ahead on this time last year, according to PwC. The value of deals in the first quarter of 2007 has hit €6bn (£4.07bn), with a further €6.8bn of deals pending. Total deals for the whole of 2006 reached just €10.6bn. The PwC Food Insights report, published Monday, attributes the pace of activity to consolidation in the food sector alongside increasing interest from private equity and higher demand for healthy products.

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