UK-based private equity firm Endless has exited its investment in Crown Paints, after initially acquiring the business in 2008.
Round-up of today’s M&A deals
UK-based private equity firm Endless has exited its investment in Crown Paints, after initially acquiring the business in 2008.
The sale marks a turnaround for the business, with profits of £20 million on sales of £180 million in 2010.
Brian Davidson, chief executive of Crown Paints, comments: ‘This deal is of mutual benefit to the prosperity of both companies. Hempel recognises the talent, mature infrastructure and strong customer base that we have in our business, and is committed to developing Crown Paints’ brands in the UK and Eire.
‘In return, we will use our well-developed industry know-how and market position to support the growth of Hempel’s existing decorative businesses.’
Round-up of today’s M&A deals
- Engineering group Rotork has acquired all of the issued share capital of Valco Valves & Automation AS (VVA), its Norwegian sales and service agent from Valco Group AS
Sector: Property
Value: £2 million
Advisers: Financial Dynamics
- Sable Mining Africa acquires 60 per cent interest in the Kpo Iron Ore Exploration targets in Liberia
Sector: Natural Resources
Value: undisclosed
Advisers: Seymour Pierce Ltd, Matrix Corporate Capital, GMP Securities, St Brides Media & Finance Ltd
- Gitanjali Group acquires the assets of Italian company DIT Group
Sector: Consumer goods
Value: undisclosed
Advisers: undisclosed
