UK sponsor CVC to exit Danish personal care retailer Matas

British private equity firm CVC has engaged Morgan Stanley (NYSE:MS) and Nordea Bank AB (STO:NDA-SEK) to assist it with the sale of its Danish personal care retail chain Matas which could bring in between EUR600m (USD743m) and EUR800m, according to informed sources cited by Reuters on Friday.

The sale process is expected to be launched after the summer, two people told the news agency.

Funds managed by CVC bought Matas in 2007. The retailer sells branded beauty products, over-the-counter medicine, vitamins, dietary supplements and household goods through 300 stores. The company, which generates two thirds of its annual sales from beauty products, has some 1,800 employees in total, according to its website.

Meanwhile, Nordic fund manager Altor Equity Partners is also looking for buyers interested in its Eurocater food supply firm in Sweden for which it wants over EUR500m, Reuters’ sources said.

JPMorgan Chase & Co has been retained to manage the sale process, the people said.

Eurocater offers food and nonfood products to restaurants, hotels, caterers and other professional kitchens. According to its website, Altor Fund II owns it in a 50/50 partnership with the management of Danish food distributor Dansk Cater.

Established in Deceber 2006, Eurocater has 34 distribution and two cash & carry sites in Denmark and Sweden.