01 Mar 2012 Completion of Attends Sale
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.”