Nova Capital Management Ltd., an acquirer of corporate and private equity portfolios, has agreed to buy a suite of hardware businesses owned by Newell Rubbermaid Inc. (NYSE: NWL) for $214 million. The deal includes five home improvement and hardware brands: Amerock, Ashland, Bulldog, Drapery Hardware and Shur-Line.

Newell, which owns many well-known brands including Caphalon, Graco, Lenox, Paper Mate, Sharpie and Rubbermaid, put the hardware division up for sale in May, as part of a restructuring plan to boost profitability.

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