Investindustrial completed its acquisition of Jacuzzi Brands.

An investment subsidiary of Investindustrial completed its acquisition of Jacuzzi Brands and several spa and bath products brands, from investment funds affiliated with each of Apollo Global Management, Ares Management and Clearlake Capital Group. Financial terms were not disclosed. "We are excited about the opportunity to contribute to Jacuzzi Brands' next phase of development. We see significant untapped potential and will work closely with management to grow the business through product innovation and an expansion of the Company’s footprint,” Andrea C. Bonomi, Investindustrial Chairman of the Industrial Advisory Board.