Crescent Capital Partners to acquire the Billi business from Strix Group for £110m.

Crescent Capital Partners, a private equity and alternative asset firm, agreed to acquire the Billi business from Strix Group, a company designs, manufactures and supply of kettle safety controls and other components and devices, for £110m. "The disposal of Billi represents a transformational milestone for Strix and a clear demonstration of our disciplined approach to capital allocation and value creation. Over the three years that Billi has been part of the Group, we have successfully enhanced its operational performance and strategic positioning, delivering an absolute return of c.3x on the original investment made in 2022," Mark Bartlett, Strix CEO.