UK's Rosebank Industries raises $1.55 billion for US-based ECI's acquisition (updated)
06/06/2025 07:18
Adds background in paragraph 2, deal details in 3 June 6 (Reuters) - British investment firm Rosebank Industries ROSE.L on Friday said it will raise about 1.14 billion pounds ($1.55 billion) to finance the acquisition of U.S.-based Electrical Components International. Rosebank, which focuses on acquiring, enhancing and eventually selling businesses, had restarted talks to buy ECI earlier this week for under $1.9 billion. The British company finalised the deal value at less than $1.9 billion on Friday, which will be financed through debt facilities and a fully underwritten institutional capital raise at 3 pounds apiece. ($1 = 0.7373 pounds) (Reporting by Yamini Kalia in Bengaluru; Editing by Mrigank Dhaniwala) ((Yamini.Kalia@thomsonreuters.com;))