Reckitt still in talks with Advent over homeware division sale after lower than expected initial bids - Private Equity Wire

Reckitt still in talks with Advent over homeware division sale after lower than expected initial bids - Private Equity Wire

Advent International remains interested in acquiring Reckitt’s Essential Home unit – which includes the Air Wick and Cillit Bang brands – as the UK-based consumer goods group explores its options for an exit after initial bids fell short of expectations, according to a report by Reuters. The report cites unnamed sources as revealing that Advent has emerged as key contender in the ongoing process and that discussions between Reckitt and the PE fi…