Agribusiness Elders to sell Futuris Automotive to US equity firm Clearlake Capital

MELBOURNE – Debt-laden agribusiness Elders Ltd is planning to offload its cars interiors business Futuris Automotive to US private equity firm Clearlake Capital Group for A$56 million as part of a bid to restructure its struggling operations and reduce its net debt. Futuris Automotive carried an enterprise value of A$69 million, and Elders plans to use A$56 million cash payment from Clearlake …

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