M&A Deal Summary

Fortune Brands Acquires Aqualisa Products

On August 1, 2022, Fortune Brands acquired distribution company Aqualisa Products from LDC

Acquisition Highlights
  • This is Fortune Brands’ 1st transaction in the Distribution sector.
  • This is Fortune Brands’ 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2022-08-01
Target Aqualisa Products
Sector Distribution
Buyer(s) Fortune Brands
Sellers(s) LDC
Deal Type Add-on Acquisition

Target

Aqualisa Products

Kent, United Kingdom
Aqualisa Products is the designer and manufacturer of a range of digital, mixer and electric showers and accessories. Aqualisa Products was founded in 1976 and is based in Kent, United Kingdom.

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Buyer(S) 1

Buyer

Fortune Brands

Deerfield, Illinois, United States

Category Company
Founded 1988
Sector Safety/Security
Employees28,000
Revenue 4.6B USD (2023)
DESCRIPTION
Fortune Brands' corporate headquarters in Deerfield, Illinois.
Fortune Brands' corporate headquarters in Deerfield, Illinois.

Fortune Brands is a provider of home and security products and services for use in residential home repair, remodeling, new construction, and security and storage applications. The Company’s brands include Master Lock security products, MasterBrand cabinets, Moen faucets, Simonton windows and Therma-Tru entry door systems. Fortune Brands was founded in 1988 and is based in Deerfield, Illinois.


DEAL STATS #
Overall 11 of 12
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 11 of 11
Country (United Kingdom) 2 of 2
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 Solar Innovations

Pine Grove, Pennsylvania, United States

Solar Innovations is a producer of wide-opening exterior door systems and outdoor enclosures. Solar Innovations continuously innovate, engineer, design, manufacture, and install leading-edge glazed aluminum, wood, and vinyl-composite products. Solar Innovations is based in Pine Grove, Pennsylvania.

Buy $63M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-01 ASSA ABLOY - Emtek and Schaub

Stockholm, Sweden

ASSA ABLOY's Emtek and Schaub provides premium and luxury door and cabinet hardware business and the U.S. and Canadian Yale and August residential smart home locks business at Stockholm, Sweden.

Buy $800M

Seller(S) 1

SELLER

LDC

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 3.6B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

LDC is the private equity and investment arm of Lloyds Banking Group. LDC invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. LDC was formed in 1981 and is based in London.


DEAL STATS #
Overall 185 of 202
Sector (Distribution) 5 of 6
Type (Add-on Acquisition) 89 of 95
Country (United Kingdom) 179 of 196
Year (2022) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-29 Cellhire

York, United Kingdom

Cellhire is a global provider of mobile Voice and Data and Internet of Things (IoT) communications services. Cellhire was founded in 1987 and is based in York, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-19 IWS Group

Milton Keynes, United Kingdom

IWS Group provides essential products and services to the global warehousing, logistics, and material handling sectors. IWS Group is based in Milton Keynes, United Kingdom.

Buy -