Barclays Private Equity will sell Deb Group, a cleaning products maker, to Charterhouse for £325 million, Financial Times reports. Charterhouse is funding half of its bid with equity and half with bank debt arranged by a consortium of lenders led by Lloyds Banking.

Barclays Private Equity bought a 55% stake in Deb for £135 million in March 2004 from a trust representing the Williamson family. The company later increased the holding to 75%. An earlier attempt to sell Deb in 2007 failed. UBS advised Deb on sale process.

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