White & Case LLP has advised Investindustrial on the acquisition of Jacuzzi Brands and other bath and spa product brands from Apollo Global Management, LLC, Ares Management Corporation, and Clearlake Capital Group, L.P.
Terms of the transaction have not been disclosed. The transaction is subject to customary regulatory approval and is expected to close in the first quarter of 2019.
Jacuzzi Brands is a global manufacturer of premium spas, swim spas, whirlpool, soaker and walk-in bathtubs and related bathroom products and accessories. The Company believes that ‘when we feel good, we live a better life.’ The Company operates under multiple brands, including Jacuzzi®, Sundance®, Dimension One Spas®, Hydropool®, ThermoSpas® and BathWraps®. The Company’s flagship brand, Jacuzzi®, is the most recognized in the world for spa and hydrotherapy bathing.
Investindustrial is a leading European group of independently managed investment, holding and advisory companies, which provides commercial solutions and capital to mid-market companies.
The White & Case team that advised on the transaction was led by partner Gary Silverman (Picture) in Chicago, together with partner Frank Lupinacci in New York and associates Adam Arnett and Sam Tuttleman in Chicago and associates Matthew Hendy, Rosalia Martinez Rial and Owen Kim in New York. The transaction involved lawyers across 12 White & Case offices, including Chicago, New York, Washington, D.C., Los Angeles, London, Berlin, Frankfurt, Hamburg, Madrid, Mexico City, Milan and Paris.
Involved fees earner: Adam Arnett – White & Case; Matthew Hendy – White & Case; Owen Kim – White & Case; Frank Lupinacci – White & Case; Rosalia Martinez Rial – White & Case; Gary Silverman – White & Case; Sam Tuttleman – White & Case;
Law Firms: White & Case;