Barclays PE reaps 5.7x on £325m Deb sale to Charterhouse
Barclays Private Equity (BPE) has sold skincare company Deb Group in a secondary buyout deal to Charterhouse Capital Partners for £325m.
The deal has generated a return of 5.7x money for BPE.
Deb manufactures and markets skincare products and dispensing systems for the industrial, automotive, healthcare, food and commercial sectors. The business has operations in 16 countries and its products are sold across 100 countries through a global network of distributors. In the year to 31 December 2009, the company generated sales of more than £122m. The business was founded in Derbyshire in the 1940's.
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