Published by Global Banking & Finance Review®
Posted on March 11, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleRosebank Industries cancels plans to acquire ECI due to market volatility, impacting investor interests.
(Reuters) - British investment firm Rosebank Industries walked away from buying U.S.-based wire harness maker Electrical Components International (ECI) on Tuesday, citing political and equity markets volatility.
"It disappointingly became clear that the current volatility in the political and equity markets meant it was not, at this moment, in our investors' best interests to proceed," Rosebank CEO Simon Peckham said.
ECI did not immediately respond to Reuters' requests for comment.
Rosebank, which specialises in acquiring and improving businesses before selling them, said in February it was in talks to buy ECI from private equity firm Cerberus Capital Management.
The London-listed firm had kept the terms of the proposed transaction confidential, but the deal could be worth $2 billion, Sky News reported in February.
(Reporting by Prerna Bedi in Bengaluru; Editing by Alan Barona and Shinjini Ganguli)
Rosebank Industries cited the current volatility in the political and equity markets as the reason for not proceeding with the acquisition, stating it was not in their investors' best interests.
The proposed acquisition of Electrical Components International (ECI) could have been worth approximately $2 billion, according to reports.
ECI was being acquired from private equity firm Cerberus Capital Management.
Rosebank specializes in acquiring and improving businesses before selling them.
ECI did not immediately respond to requests for comment regarding the abandonment of the acquisition.
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