Premier Foods has announced it has received a “firm offer” of Euro50m (£45.1m) for its Martine Spécialités business, the remaining part of its Speciality Baking Group in France. The offer comes from private equity backed, Financiere Martine SAS, a company controlled by Cerea Capital FCPR, for a cash-free and debt-free consideration of Euro50m. Cerea Capital is a Euro130m Private Equity Fund dedicated to buy-outs and transmissions in food and beverage related sectors.