ADIA to acquire 30% of Domestic & General from CVC.

Abu Dhabi Investment Authority agreed to acquire a c. 30% stake in Domestic & General, an appliance care specialist, from CVC. The acquisition is expected to close by the end of 2019, subject to customary merger control and regulatory clearances. Financial terms were not disclosed. "ADIA brings a wealth of investment experience from around the globe and has a strong reputation for supporting the growth of high quality companies such as D&G. With ADIA’s investment alongside CVC Funds' ongoing commitment, we will have a new ownership structure underpinned by two stable and well-resourced global investors. It is a strong platform enabling us to focus on our growth plans in the UK and internationally. All of us at D&G look forward to working with them." David Tyler, D&G Chairman.