Ratos, the listed Swedish private equity firm, is expected to make Skr1.37bn (€149m) from the sale of Dahl, a heating products maker, giving it a 35% return on its original Skr562m investment.

Saint-Gobain, a French trade buyer, has agreed to acquire all of Dahl for an undisclosed sum.

Michael Herman

Saint-Gobain

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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Ratos gains 35% return from Dahl sale

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