The Rutland Fund, the £210m (€336m) private equity fund managed by Rutland Fund Management, has acquired two flooring underlay businesses - Duralay from Cinven, the private equity house, and Gates Consumer from Tomkins - for a total of £60m.

The £60m purchase price includes £40m of debt finance and £20m of equity.

Rutland buys flooring businesses from Cinven and Tomkins

Yasmine Chinwala

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