Founded in 1990, Investindustrial is a European investment group with over $7 billion in raised fund capital targeting mid sized companies. The company has a 28 year history of partnering and investing in premium brands such as Aston Martin. The company has recently entered into an agreement to acquire Jupiter Holding I Corp which owns Jacuzzi Hot Tubs, Dimension One Spas, Sundance Spas, ThermoSpas, HydroPool Hot Tubs, and BathWraps. Jupiter Holding I Corp is made up of Apollo Global Management, Ares Management, and Clearlake Capital . Jacuzzi’s sales last year are said to be ~$500 million. The terms of the transaction have yet to be disclosed and the deal is slated to close by the end of the first quarter of 2019. Investindustrial has also partnered with Nottingham Spirk Design Associates as a minority stakeholder and to be an innovation and product design partner.
This should be an exciting move for the already dominant Jacuzzi Brands. The vast resources and experience of Investindustrial and Nottingham Spirk should foster even more growth and innovations for the Jacuzzi Brands and the hot tub industry as a whole.
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