Armitage Pet Care Investment Timeline

Rutland Announces Sale of Armitage Pet Care to Spectrum Brands

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26 October 2020

Rutland Partners is pleased to announce that on 26 October 2020 it completed the sale of Armitage Pet Care (“Armitage”) to Spectrum Brands Holdings, Inc. (NYSE: “SPB”) for an enterprise value of £140m.

 

The disposal from Rutland Fund III realises a return for investors of 5.7x on the cost of investment.