Advent will acquire a 70% stake in Reckitt’s Essential Home portfolio in a deal that values the business at an enterprise value of up to $4.8 billion.WHO: Reckitt Benckiser Group PLC, trading as Reckitt, is a British multinational consumer goods company headquartered in Slough, England. A producer of health, hygiene, and nutrition products, the company was formed in March 1999 by the merger of British company Reckitt & Colman plc and Dutch company Benckiser NV.The Essential Home portfolio includes the global brands Air Wick, Calgon, Woolite, Cillit Bang, Resolve, Sole, and Easy-Off, as well as around 75 other brands across over 70 markets. Essential Home will also own the Mortein brand in North America, Europe, and LATAM.Founded in 1984, Advent is a leading global private equity investor with 16 offices across five continents, over $94 billion in assets under management, and 430 investments across 44 countries. Advent is a leading growth-focused investor in the consumer sector, with recent examples including Parfums de Marly (2023), Zimmermann (2023), led by the European team, and Sauer Brands (2025), as well as Orveon (2021) in the United States.WHY: Advent brings significant expertise in executing complex carve-outs and transforming businesses, with a proven track record of more than 10 corporate carve-outs in Europe over the past decade. The carve-out of Essential Home will create a dedicated global home care platform with an iconic portfolio of leading brands.