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 ТЃ51.5m. The transaction is conditional, inter alia, on the approval of Alba shareholders at an EGM. Rutland is investing approximately ТЃ25m 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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