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New Deal


Announced

Jacuzzi Brands to acquire Vortex Leisure.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Acquisition

Pending

Majority

Private

Specialty Retailers

Cross Border

Single Bidder

spa retailer

Australia

Friendly

Synopsis

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Jacuzzi Brands, a global manufacturer and distributor of branded baths, hot tubs, pools, saunas and, formerly, aircraft, agreed to acquire Vortex Leisure, a Nelson spa-pool company. Financial terms were not disclosed. "In many countries, Jacuzzi is the generic name for spa strong brand proposition and prominence. We can utilise everything that they bring to continue to grow us in our home markets but we also have a combined desire to push out into Asia," Andrew Pullen, Vortex Managing Director.

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