Permira Said to Weigh Stake Sale in Asian Aquatic Feed Firm (1)

Permira is considering selling its stake in Grobest as potential buyers show interest in the aquatic feed company, according to people familiar with the matter.

The UK-based private equity firm is working with a financial adviser on the possible sale of its 50% holding in Grobest, the people said, asking not to be identified because the deliberations are private. Other investment funds and industry players have shown preliminary interest in the stake, the people said.

Grobest is forecast to generate about $1 billion of revenue this year, one of the people said. Other shareholders in Grobest could also decide to ...