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UK - ABN AMRO Capital acquires Amtico in £98.25m deal

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ABN AMRO Capital has agreed to acquire Amtico International, the high end flooring designer and manufacturer, from Electra Private Equity. The transaction, which is expected to complete in around four weeks subject to customary approvals, values the business at £98.25m.

Based in Coventry, Amtico created the market for high quality floor tiles 40 years ago and has been at the forefront of product innovative and resilient flooring products for residential and commercial interiors since. As a result of the buyout, ABN AMRO Capital will acquire a 56% stake in Amtico. The company's management team will invest alongside ABN AMRO Capital and Electra is rolling over a proportion of their proceeds to take an 18% stake in the group.
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