Consumer product experts raise $1.25bn for new cash shell
A group of individuals previously at US consumer products group Jarden have raised $1.25bn for the launch of a new buy-and-build business called J2 Acquisition (JTWO).
The cash shell has started trading on London’s Main Market and will seek to buy businesses in undisclosed sectors.
J2 has been set up by Jarden’s co-founder Martin Franklin alongside other former Jarden executives Ian Ashken and James Lillie. Jarden was acquired last year by Newell Brands for $15.4bn.