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LetterOne checks out with £1.8bn for Holland & Barrett

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L1 Retail, the retail division of holding company LetterOne, has agreed to buy UK health food retailer Holland & Barrett from Carlyle for £1.77bn. The deal comes after one global financial sponsors head at a bank forecast less traditional sponsors, such as LetterOne and SoftBank, to become important players in the buyout market.

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