Montagu Pockets £300M In Sale Of Hair Product Co.

Law360, New York (February 11, 2013, 5:14 PM EST) -- Montagu Private Equity said Sunday that it will hand over the ghd hair product brand to Lion Capital in a sale worth a reported £300 million ($475 million) — a price that would give the seller nearly a twofold return on its initial purchase.

The parties did not name a sale price, but various news outlets, citing anonymous sources close to the deal, listed the figure. Lion Capital also did not say how it would cover the purchase, except that it has nailed down a financing...
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