Industry sources indicated this week that venture capitalist Capvest Venture Fund was taking a keen interest in the possibility of pulling the whole Birds Eye frozen business together with Young's Bluecrest, Britain's largest seafood operator, and the European operations of Findus.

The source told The Grocer this week: "The holding company for Young's and Findus now controls one of the largest frozen food operations in Europe and it is an interesting scenario of the three companies coming under one ownership. It is highly likely Capvest would look at this, though there would be complex issues. But on paper it makes sense."

The source also indicated that Capvest was likely to be interested in the whole of the Birds Eye frozen business, as Findus included meat and veg.

Capvest has been making bullish statements about the business sense of consolidation in seafood, which it views as "very fragmented" and less mature than other sectors.