Charterhouse Capital Partners Sells Deb Group to SC Johnson

Feb 9 2015 | 2:15am ET

Household products giant SC Johnson has purchased skin-care and hand-hygeine company Deb Group from private equity firm Charterhouse Capital Partners.

SC Johnson, which owns brands like Pledge and Windex cleaning products, said the deal will help it expand into the industrial and institutional markets.

SC Johnson underwent a restructuring in 2013, and has been expanding in recent years with additional acquisitions, including shoe-care company Melvo Holding GmbH and the Space Bag storage brand. 

Terms of the deal remain unknown, but the price tag could be a boon for the private equity house. 

In 2010, Charterhouse bought Deb Group for £335 million ($511 million). 

In July 2014, Reuters reported that Charterhouse had tasked Goldman Sachs with selling Deb Group in a deal worth up to £650 million pounds ($992 million). However, a new report indicates from a source that the deal could return Charterhouse at least 2.5 times its original investment.

U.K.-based Deb Group manufactures dispensers, hand cleansers and skin creams, and maintains operations in 18 countries. 

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