Press Release from Carey Olsen, Friday 4 July, 2025.
Carey Olsen’s corporate team in Jersey has represented Rosebank Industries plc (“Rosebank”) in connection with its announced acquisition of Electrical Components International (“ECI”).
ECI is an electrical components business focused on North America, where it has market leading positions principally producing wire harnesses and controls, often for large blue-chip customers in the industrial, electrification, HVAC and appliance end markets.
ECI will be acquired for cash for an enterprise value of less than US$1.9 billion on a debt and cash free basis. The acquisition will be financed through debt facilities and a fully underwritten institutional capital raise of approximately £1.14 billion.
Established in 2024, Rosebank’s strategy is to acquire quality industrial or manufacturing businesses with strong fundamentals whose performance may be improved to create shareholder value. This will be Rosebank’s first acquisition under management’s successful “Buy, Improve, Sell” model of shareholder value creation via the transformation of industrial businesses in the U.S. and Europe.
The Carey Olsen team included corporate partners David Taylor, Katherine Tresca and associate Jacob Woodhouse, working alongside lead counsel Simpson Thacher & Bartlett.
India and Singapore are set to enhance their collaboration in the realm of green finance, according to statements made by NITI Aayog Vice Chairman, Suman Bery. Expressing optimism about the future of
Reports have confirmed that Bermuda’s Premier and Minister of Finance, David Burt has signed a memorandum of understanding (MOU) with Binance Group, the operator of the world’s largest cryptocurrency
More than half of wealth advisers in the United States surveyed by Bitwise say they’re more open to investing in cryptocurrency after Trump won the US election in November. Bitwise’s latest survey
One of India’s law enforcement agencies has uncovered a money laundering operation involving fake invoices issued by purported shell companies in Singapore for software and other services. The Enforcement