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PEP to continue exit hot streak with $690m Asaleo Care market listing

2 Jun 2014

toilet-paper5sq_lrgAustralian private equity major Pacific Equity Partners is looking to follow the country’s biggest market listing of 2014 with the $690m flotation of tampon and toilet paper company Asaleo Care.

PEP sealed the biggest listing of the year with its $1bn exit of cleaning and catering company Spotless last month.

The firm is in a strong streak of exit activity at the moment, last week selling ice cream company Peters Food Group to UK peer R&R.

Peters, which was acquires by PEP from Nestle in August 2012, currently has annual revenues of around $250m.

The companies did not disclose the terms of the deal, but it was reported that the business was sold for about A$450m ($416m).

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