Rutland Partners, the specialist turnaround and restructuring investor, is pleased to confirm the formal completion of the sale of Attends Healthcare Group to Domtar Corporation for €180 million, pursuant to the definitive agreement signed on 26 January 2012.
The four year investment programme and operational restructuring of Attends has delivered a well invested and focused business that is well positioned to take advantage of future growth in the adult incontinence category.
The exit represents a return of 3.3x Rutland’s investment of £26.4 million.
Nick Morrill, Managing Partner of Rutland commented:
“The sale of Attends is a prime example of our investment strategy and represents an excellent result for our investors and the management team. We wish the business every success under Domtar ownership.”