Boys from Brazil buy Hunter Douglas for $7.1 billion

Friday, 31 December 2021, 10:30 am

It's the final day of the year but the dealmaking goes on.

This time 3G - the giant private equity firm led by Brazilian billionaires - is buying a 75pc stake in Dutch window blinds maker Hunter Douglas from the Sonnenberg family for EURO 175 a share.

That means 3G - which a few years ago attempted to purchase Unilever alongside Warren Buffett - is buying Hunter Douglas at a 73pc premium.

The Financial Times had the scoop overnight, so hat tip to hacks over at the Pink 'Un for landing the tale. Below is a link to this morning's the press release:

https://www.prnewswire.com/news-releases/3g-capital-to-acquire-controlling-interest-in-hunter-douglas-301452102.html

Betaville is looking forward to more deals of this ilk in 2022!..

[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].

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