Tuesday, October 18, 2005

Norbain appointed CSFB

Norbain, the UK electronic security products business, has appointed Credit Suisse First Boston to look for a buyer. PPM Capital, Norbain\\\'s proprietor, has put a �140m price tag on the Reading-based company. Private-equity business Electra Partners has already entered talks and is hoping to buy the business. Norbain would be a valuable partner for Electra\\\'s Gardiner, which also provides security cameras and alarms, and would make Gardiner into the largest such supplier in Europe.

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