M&A Deal Summary

Clearlake Capital, Apollo Global Management and Ares Private Equity Group Acquire Jacuzzi

On February 7, 2007, private equity firm Clearlake Capital, asset manager Apollo Global Management and private equity firm Ares Private Equity Group acquired consumer products company Jacuzzi for 1.3B USD

Acquisition Highlights
  • This is Clearlake Capital’s 1st, Apollo Global Management’s 3rd and Ares Private Equity Group’s 5th transaction in the Consumer Products sector.
  • This is Clearlake Capital’s 9th, Apollo Global Management’s 32nd and Ares Private Equity Group’s 8th largest (disclosed) transaction.
  • This is Clearlake Capital’s 1st, Apollo Global Management’s 12th and Ares Private Equity Group’s 20th transaction in the United States.
  • This is Clearlake Capital’s 1st, Apollo Global Management’s 2nd and Ares Private Equity Group’s 2nd transaction in California.
Investment Fate
  • Jacuzzi was sold to a consortium of financial buyers in 2019.
  • Jacuzzi was sold to a financial buyer in 2019.

M&A Deal Summary

Date 2007-02-07
Target Jacuzzi
Sector Consumer Products
Buyer(s) Clearlake Capital
Apollo Global Management
Ares Private Equity Group
Deal Type Going Private
Deal Value 1.3B USD

Target

Jacuzzi

Irvine, California, United States
Jacuzzi 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. Jacuzzi was founded in 1956 and is based in Irvine, California.

Search 214,877 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 3

Buyer

Clearlake Capital

Santa Monica, California, United States

Category Private Equity Firm
Founded 2006
PE ASSETS 90.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.


DEAL STATS #
Overall 1 of 93
Sector: Consumer Products M&A 1 of 3
Type: Going Private M&A Deals 1 of 8
State: California M&A 1 of 16
Country: United States M&A 1 of 88
Year: 2007 M&A 1 of 2
Size (of disclosed) 9 of 16
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-31 Buy.com

Aliso Viejo, California, United States

Buy.com is an e-commerce company with more than 10 million cumulative customer accounts, focused on providing its customers with a rewarding shopping experience and a broad selection of high-quality technology and entertainment retail goods at competitive prices. Buy.com offers over 2 million products in a range of categories, including consumer electronics, computer hardware and software, cell phones, books, music, videos, games, digital music downloads, toys, bags, home & outdoor, baby and sporting goods.

Buy -
Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1990
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.


DEAL STATS #
Overall 13 of 152
Sector: Consumer Products M&A 3 of 4
Type: Going Private M&A Deals 3 of 31
State: California M&A 2 of 17
Country: United States M&A 12 of 108
Year: 2007 M&A 1 of 6
Size (of disclosed) 32 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-01 Federal Broach & Machine Co.

Harrison, Michigan, United States

Federal Broach & Machine Company is a manufacturer of specialized broach machines and broach tools.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-16 GNC

Pittsburgh, Pennsylvania, United States

GNC is the largest global specialty retailer of health and wellness products, with 4,200 retail locations in the United States and franchise operations in 48 international markets. GNC products include vitamins, minerals, and other wellness products. GNC was established in 1935 and is based in Pittsburgh, Pennsylvania.

Sell $1.7B
Buyer

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 24.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.


DEAL STATS #
Overall 22 of 126
Sector: Consumer Products M&A 5 of 8
Type: Going Private M&A Deals 1 of 5
State: California M&A 2 of 13
Country: United States M&A 20 of 93
Year: 2007 M&A 2 of 4
Size (of disclosed) 8 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-16 Palm Coast Data

Palm Coast, Florida, United States

Palm Coast Data LLC is a fulfillment and response management company focused primarily on the magazine publishing industry. Services provided to customers included front end processing, customer service, direct mail services, letter shop services, and online communications. Palm Coast Data LLC was founded in 1984 and is based in Palm Coast, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-28 PAETEC Holdings

Fairport, New York, United States

PAETEC Holdings is an integrated communications provider offering local, domestic and international long distance services, high speed Internet access, eCommerce and other data services to medium and large sized businesses, colleges and universities, hospitals, governmental organizations and affinity groups throughout the United States.

Sell -