The British investment company Rosebank Industries PLC has entered into an agreement with the American Cerberus Capital Management LP to acquire the assets of Electrical Components International Inc. (ECI), a manufacturer of power distribution systems. This is reported in a press release from Rosebank.
The value of the proposed transaction is about $1.9 billion (9 times higher than the expected adjusted EBITDA for 2025). The financing provides for the attraction of 1.14 billion pounds ($1.45 billion) through the issuance of new shares (3 pounds per share) and new borrowed funds in the amount of $ 900 million.
In addition, Rosebank plans to make an open offer to raise an additional 8 million euros in order to participate in the transaction of minority shareholders.
The deal is in line with Rosebank's growth strategy by modernizing businesses in the United States and Europe and is subject to regulatory and shareholder approval at a general meeting on July 1, 2025.
ECI is an American manufacturer of power distribution systems with a staff of 25,000 employees at 40 production sites. The company supplies electrical components (wiring harnesses, control units, and engineering solutions for the automotive, aerospace, and energy industries). The headquarters is located in St. Louis, Missouri. In 2024, 80% of the company's revenue of $1.3 billion came from North America.
Rosebank Industries is a British investment company focused on transactions with large assets and the opportunity to improve operations in the industrial and manufacturing sectors. The headquarters is located in London (England).
Cerberus Capital Management, L.P. is an American global investment company for alternative asset management in the field of lending, private equity and real estate. The headquarters is located in New York (USA).
Read also in our Telegram channel "Mergers and acquisitions. AK&M».
