$1.25bn fundraise for cash shell and other sto­ries in num­bers

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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.

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