Gryphon to sell Fleet to Prestige Brands for about $825 mln

Gryphon Investors has agreed to sell C.B. Fleet Company Inc to Prestige Brands in a deal valued at about $825 million. Based in Lynchburg, Virginia, Fleet is a provider of personal healthcare products, which includes the Summer's Eve brand. The transaction is expected to close in the first quarter of 2017. Sawaya Segalas & Co LLC provided financial advice to Fleet and Gryphon.

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