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 ...