M&A Deal Summary

Rhône Group Acquires Rexair

On June 30, 2005, private equity firm Rhône Group acquired consumer products company Rexair from Jacuzzi for 170M USD

Acquisition Highlights
  • This is Rhône Group’s 2nd transaction in the Consumer Products sector.
  • This is Rhône Group’s 9th largest (disclosed) transaction.
  • This is Rhône Group’s 2nd transaction in the United States.
  • This is Rhône Group’s 1st transaction in Michigan.
Investment Fate
  • Rexair was sold to a publicly-traded strategic buyer in 2014.
  • Rexair was divested to a consortium of buyers in 2019.

M&A Deal Summary
Date 2005-06-30
Target Rexair
Sector Consumer Products
Buyer(s) Rhône Group
Sellers(s) Jacuzzi
Deal Type Divestiture
Deal Value 170M USD

Target

Rexair

Troy, Michigan, United States
Rexair is a direct seller and manufacturer of premium vacuum cleaning systems for residential customers. The company’s principal product, the Rainbow® vacuum cleaner, is the world’s premier home cleaning system and is sold in countries around the globe through a broad network of third-party distributors. Rexair was formed in 1936 and is based in Troy, Michigan.

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Buyer(S) 1

Buyer

Rhône Group

New York, New York, United States
Category Private Equity Firm
Founded 1996
PE ASSETS 8.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Rhône Group is a private equity and financial advisory firm focused on large-scale buyouts across North America and Western Europe. Areas of interest include energy, materials, industrials, retail, consumer products, healthcare, and financial services. Rhône was formed in 1995 and has offices in New York, Paris, and London.

DEAL STATS #
Overall 5 of 30
Sector (Consumer Products) 2 of 6
Type (Divestiture) 2 of 7
State (Michigan) 1 of 2
Country (United States) 2 of 14
Year (2005) 1 of 2
Size (of disclosed) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-28 Early Learning Centre

Watford, United Kingdom

Early Learning Centre was founded in 1974 to provide a range of "learning through play" toys for pre-school age children (0-6 years). The company has grown to become one of the leading UK retailers in its sector with 213 stores throughout the country. ELC products are also available in 54 Debenhams stores and 300 Sainsbury's stores in the UK.

Buy £62M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-15 International Sailing Boats Srl

Forli, Italy

International Sailing Boats Srl is a sailing boat manufacturer with the brands Grand Soleil and Dufour.

Buy -

Seller(S) 1

SELLER

Jacuzzi

Chino, California, United States
Category Company
Founded 1956
Sector Consumer Products
Employees3,300
Revenue 500M USD (2018)
DESCRIPTION

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 Chino, California.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-29 Hydropool Industries

Mississauga, Ontario, Canada

Hydropool Industries, Inc. is a provider of of hot tubs and swim spas around the world. Hydropool Industries, Inc. was founded in 1970 and is based in Mississauga, Canada.

Buy -
Mergr

Product

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