Young's Seafood has become the ­subject of a three-way bid battle as a potential £200m sale of the frozen food manufacturer nears conclusion. Former private equity owner CapVest, Japan’s Mitsubishi Corporation and UK Fisheries are understood to be pursuing a deal. The sale is expected to be complete by September and could fetch between £170m and £200m, but the timetable and bidders may change. Boutique investment house Stamford Partners has been handling the sale process, which has attracted interest from private equity and rivals in the seafood sector.