CI Capital completes sale of KIK Custom Products to Centerbridge
U.S. private equity firm CI Capital Partners has closed its previously-announced sale of KIK Custom Products, a maker of household and personal care products and a developer of pool and spa treatment products. The buyer was U.S. private equity firm Centerbridge Partners. No financial terms were disclosed; however, one source suggested a sale could value the business at more than US$1.5 billion, including debt. Morgan Stanley & Co LLC and Rothschild served as financial advisors to KIK on the transaction. Based in Concord, Ontario, KIK was acquired by CI Capital in 2007.
27 August 2015•3 mins read
