The textile durability conundrum

Intertek last month agreed to a takeover by the private equity firm EQT, backed by Abu Dhabi’s sovereign wealth funds ADIA and Mubadala, in a deal valuing the testing giant’s equity at £9.5 billion – £10.9 billion including debt.

That is one of the largest take-private deals in London Stock Exchange history, and it landed just as the EU edges closer to mandating durability testing under the Digital Product Passport (DPP).