UK - Rutland to acquire Pulse Home Products for £51.5m
Rutland Partners is to acquire Pulse Home Products Ltd and the business of certain other domestic appliance brands from Alba Plc for £51.5m. The transaction is conditional, inter alia, on the approval of Alba shareholders at an EGM. Rutland is investing approximately £25m from its second fund, Rutland Fund II, to support the acquisition with the balance of the funding coming from debt facilities provided by CIT Bank Ltd.
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