Wall Street dealmaker Michael Klein is taking public in New York a UK investment group that owns a plumbing business, a diesel generator specialist and a forklift truck supplier.
The deal, which values Cheshire-based CorpAcq at $1.6bn, shows how sponsors of blank-cheque vehicles, such as Klein, are having to roam far and wide in search of transactions.
The US listing of a highly UK-focused business also underscores the challenge to the London stock market from the higher valuations available in New York.
Read the full story on the Financial Times here.