Citi, Barclays Among Banks Backing Advent Buyout of Reckitt Unit

Citi, Barclays Among Banks Backing Advent Buyout of Reckitt Unit

Citigroup Inc. and Barclays Plc are among banks that are set to lead a roughly $2.9 billion-equivalent debt financing that will support Advent International’s move to buy part of Reckitt Benckiser Group Plc.

Reckitt Announces Agreement to Divest Essential Home

Reckitt Benckiser Group plc (“Reckitt”) announces it has entered into an agreement with Advent International, L.P. (“Advent”), a leading global private equity investor, to divest its Essential Home business (“Essential Home”) for an enterprise value of up to US$4.8 billion and retain a 30% equity stake in Essential Home (the “Transaction”). In July 2024 Reckitt ... The post Reckitt Announces Agreement to Divest Essential Home appeared first on I…