DRL will pay a total consideration of £500 million, including an upfront cash consideration of £458 million and contingent cash payments up to £42 million based on performances in CY25 and CY26.
DRL will acquire the portfolio through the purchase of shares of Northstar Switzerland SARL, a Haleon group firm.
The purchase will be funded through internal accruals. The portfolio had net revenue of £217 million in CY23, the operating profit margin was 25 per cent, and the deal valuation was 2.3 times of sales. The transaction is expected to close in Q4CY24.
In the recent years, DRL has increased its global presence in consumer healthcare including a recent JV with Nestlé India.
This story is from the June 28, 2024 edition of Business Standard.
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This story is from the June 28, 2024 edition of Business Standard.
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