March 11 (Reuters) - British investment firm Rosebank

Industries walked away from buying U.S.-based wire

harness maker Electrical Components International (ECI) on

Tuesday, citing political and equity markets volatility.

"It disappointingly became clear that the current volatility

in the political and equity markets meant it was not, at this

moment, in our investors' best interests to proceed," Rosebank

CEO Simon Peckham said.

ECI did not immediately respond to Reuters' requests for

comment.

Rosebank, which specialises in acquiring and improving

businesses before selling them, said in February it was in talks

to buy ECI from private equity firm Cerberus Capital Management.

The London-listed firm had kept the terms of the proposed

transaction confidential, but the deal could be worth $2

billion, Sky News reported in February.

(Reporting by Prerna Bedi in Bengaluru; Editing by Alan Barona

and Shinjini Ganguli)