LDC exits Aqualisa to Fortune Brands in £130m sale
LDC has been an invaluable partner to Aqualisa over the last seven years. We have built a great team and with their support have been able to invest and innovate. We have made great strides through the development of products that are smarter, safer and greener, and we now have a fantastic opportunity to further build on that as we become part of the Fortune Brands group and look to accelerate our growth globally with them. I’d like to thank the team at LDC for their long-term support to our business.”Mat Norris, CEO
Rob Powell, Partner at LDC, added: “Aqualisa is a great story of a British company at the forefront of product development, with a brand synonymous with premium quality and innovation. Throughout our partnership, the team has built on its foundations and developed a world leading product range with exciting capabilities. With its continual development of smart connectivity its next generation showers provide water flow, energy measurement and cost tracking functionality which will see it leading the way in the development of the smart bathroom.
“After a successful seven-year partnership, becoming part of the Fortune Brands family is a perfect outcome and provides a global platform for its continued growth.”
LDC has a strong heritage of supporting the growth of similar British businesses having invested more than £1.2bn in the manufacturing sector. Most recently, the private equity firm exited pump manufacturer Stuart Turner following revenue growth of more than 66%, and invested in manufacturer and distributor Bramble Foods and electronic security manufacturer Texecom.
LDC and Aqualisa were advised on this transaction by Rothschild (Stephen Griffiths and Samantha Gough) and Gowling (Chris Letters and Jeremy Millington).