THE long-running sale of Survitec, the manufacturer of survival and military equipment, is set to be completed in the next 24 hours.

US buyout firm Warburg Pincus will be the new owner of the company, which has been owned by the Manchester officer of Montagu Private Equity since 2004. Another private equity firm, Permira, was the early favourite to buy the business.

The price tag for Survitec is understood to be just over £280m and will represent a healthy return for Montagu, which has invested to international......for the full story register now for free or login below...