German PE Shop Picks Up Scholl Unit From Reckitt Benckiser

Law360, New York (July 21, 2014, 5:07 PM EDT) -- German private equity firm Aurelius Group agreed to buy Reckitt Benckiser PLC’s Scholl comfort footwear business for an undisclosed amount in the middle-market firm’s fourth big buy of the year as the firm looks to expand beyond its home country.

Aurelius will acquire Scholl’s international business outside North and South America, which is a separate unit spun off in the 1980s. The company produces shoes and inserts to promote comfort and natural foot function.

“This is exactly the sort of business that Aurelius hopes to acquire,”...
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