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Apax Sells Hit To Mattel In £426m Deal

The private equity firm has sold Hit, the firm behind pre-school favourites including Thomas the Tank Engine and Angelina Ballerina, to US toy company Mattel for £426m. Mattel chief executive, Robert Eckert, said: “Mattel is the right home for Thomas & Friends.” Apax acquired Hit in 2005 for £490m.

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