Investment Summary

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

On January 14, 2019, invested in consumer products company Jacuzzi from Clearlake Capital, Apollo Global Management and Ares Private Equity Group

Investment Highlights
  • This is transaction in the Consumer Products sector.
  • This is transaction in the United States.
  • This is transaction in California.
Investment Fate
  • Jacuzzi was sold to a financial buyer in 2019.

Investment Summary

Date 2019-01-14
Target Jacuzzi
Sector Consumer Products
Sellers(s) Clearlake Capital
Apollo Global Management
Ares Private Equity Group
Deal Type Secondary Sale

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.

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Seller(S) 3

SELLER

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 24 of 39
Sector: Consumer Products M&A 1 of 1
Type: Secondary Sale M&A Deals 1 of 1
State: California M&A 5 of 7
Country: United States M&A 22 of 36
Year: 2019 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-15 Team Technologies

Morristown, Tennessee, United States

Team Technologies is a manufacturing solutions provider for medical and dental products. From conceptualization to completion, TEAM Technologies offers the technology and solutions for every stage of the development and manufacturing processes all under ISO 13485 and FDA-regulated guidelines. Team Technologies was founded in 1988 and is based in Morristown, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-25 CNI Enterprises

Madison Heights, Michigan, United States

CNI Enterprises is a manufacturer of quality interior trim products for the automotive industry. CNI provides customers with various interior trim components specializing in seat backs, cut and sew, and small parts assembly.

Sell -
SELLER

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 37 of 77
Sector: Consumer Products M&A 3 of 3
Type: Secondary Sale M&A Deals 1 of 1
State: California M&A 4 of 8
Country: United States M&A 30 of 54
Year: 2019 M&A 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-08 GE Capital - Equity Portfolio

Norwalk, Connecticut, United States

GE Capital's Equity Portfolio comprises approximately 20 investments in renewable energy, contracted natural gas fired generation and midstream energy infrastructure assets, primarily in the US. In connection with this transaction, the parties will seek to form an ongoing relationship with respect to select future new energy infrastructure investments. GE Capital's Equity Portfolio is based in Norwalk, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-06 Bene Assicurazioni

Milan, Italy

Bene Assicurazioni is an insurance company. The company is specialized in retail and focused on car and motorcycle risks. Bene Assicurazioni was founded in 2016 and is based in Milan, Italy.

Buy -
SELLER

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 34 of 59
Sector: Consumer Products M&A 5 of 8
Type: Secondary Sale M&A Deals 1 of 1
State: California M&A 4 of 8
Country: United States M&A 28 of 47
Year: 2019 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Esquire Financing

Taguig, Philippines

Esquire Financing is a trusted non-bank financial institution that focuses on fueling the dreams of small to medium entrepreneurs. Esquire Financing have fueled the entrepreneurial dreams of over 27,000 small and medium enterprises across the country. Esquire Financing take pride in our minimal documentary requirements, flexible interest rates and fast approval time. Esquire Financing was founded in 2011 and is based in Taguig, Philippines.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-15 Weimob

Shanghai, China

Weimob is a provider of WeChat-based SaaS and marketing services. Weimob was founded in 2013 and is based in Shanghai, China.

Sell -