Pental divests Consumer Products Business
Henslow is pleased to have acted as M&A Corporate Advisor to Pental Limited (ASX:PTL), a trusted Australian provider of household chemical and cleaning products, on the divestment of their Consumer Products Business to DuluxGroup.
Pental is a branded home, hygiene and e-commerce product developer and supplier. Their Consumer Products business has been proudly supporting Aussie homes for over 100 years and is the owner of the iconic Australian brand, White King. Other trusted brands owned by Pental include Lux, Country Life and Jiffy firelighters.
The transaction represents significant value for shareholders, with the total sale price of $60.0m (plus expected agreed and customary adjustments, the unwinding of the Duracell distributorship, debtors and creditors) representing approximately 118% of Pental’s market capitalisation (at time of signing) of $53.7m.
This transaction adds to Henslow’s track record in the Fast Moving Consumer Goods sector, creating strong connections and working closely with businesses to deliver shareholder value.
We look forward to continuing to partner with Pental as they focus on growing their eCommerce business moving forward.
Link to website announcement https://pental.com.au/wp-content/uploads/2023/09/2607249.pdf