Private Equity Firm Buys K+S Home and Garden Business

K+S Group (Kassel, Germany) has agreed to sell its Compo home and garden products business to private equity firm Triton (Frankfurt). The deal has an enterprise value of €205 million ($293 million) and K+S expects a cash inflow, after the deduction of assumed liabilities, of about €150 million. The deal is expected to close this summer and it will be retroactive to March 1, 2011. K+S announced in mid-2010 that it was considering plans to divest Compo as part of a strategy to focus on potash and magnesium products, and on the company’s salt business. The...

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