Barclays Private Equity sells Deb Group

Charterhouse Capital Partners has acquired Deb Group, a maker of skin safety products, from Barclays Private Equity for £325 million.


Charterhouse Capital Partners has acquired Deb Group, a maker of skin safety products, from Barclays Private Equity for £325 million.

Charterhouse Capital Partners has acquired Deb Group, a maker of skin safety products, from Barclays Private Equity for £325 million.

Derbyshire-based Deb Group supplies a range of skincare products for industrial and healthcare applications and operates in 16 countries.

BPE bought a 55 per cent stake in the business in March 2004 for £135 million, and increased the stake to 75 per cent after a refinancing in 2006. The deal represents a return of 5.7 times the capital invested.

Charterhouse is financing half of its bid with equity and half with bank debt arranged by a group of lenders led by Lloyds Banking Group.

Deb Group has generated a 116 per cent increase in revenue over the past six years to £122 million. BPE director Rob Myers says: ‘[We have] aggressively grown the business by investing in its intellectual property, global workforce and manufacturing facilities.’

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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