LDC has exited its seven-year investment in bathroom specialist Aqualisa to Fortune Brands Home & Security, Inc in a transaction that values the company at £130 million.
LDC has exited its seven-year investment in bathroom specialist Aqualisa to Fortune Brands Home & Security, Inc in a transaction that values the company at £130 million.
Founded in 1977, Aqualisa is a UK designer, developer and producer of shower products. The company invented the world’s first digital shower and is known for its commitment to innovation and new product development, particularly in the smart bathroom category.
LDC, a mid-market private equity first invested in Aqualisa in 2015 to support the company’s new product development, with a particular focus on smart home showers that have personalisation, water- and eco-friendly benefits, and, latterly, to expand internationally through new partnerships with distributors and customers across Europe.
Aqualisa £130 million valuation represents a near-threefold increase since LDC’s original investment, with profits more than doubling since 2019 – generating a 4x money multiple return.
US-headquartered Fortune Brands is a manufacturer of home and security products with a portfolio of over 30 global brands, sales of $7.7 billion and facilities around the world. The sale enables Aqualisa to continue scaling its international presence, taking its British designed products to more markets around the world.
