US EditionMelrose founders’ Rosebank strikes £1.4bn deal
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Melrose founders’ Rosebank strikes £1.4bn deal
Rosebank Industries, the investment vehicle led by Melrose founder Simon Peckham, has struck a £1.4bn deal for a North American electrical components business. The acquisition of Electrical Components International (ECI), the company’s first, will be financed through debt facilities and a £1.14bn capital raise at an issue price of £3 per share. Peckham, a veteran City dealmaker, set up Rosebank last year alongside six former Melrose executives w…
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