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Rutland Partners in exclusive talks to buy retailer Maplin

The sale is likely to mark a disappointing exit for Montagu, which bought the electronics retailer for £244 million in 2004

UK turnaround firm Rutland Partners is in exclusive talks to buy electronics retailer Maplin from Montagu Private Equity for around £80 million, according to three people familiar with the matter.

Montagu is in late-stage talks after Rutland was chosen ahead of rival bidders, including Lloyds Development Capital and Electra Partners.

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