Investindustrial has bought US-based whirlpool bathtubs and spas specialist Jacuzzi Brands.
Argos Wityu, which owned a majority stake in the business since 2017, becomes a minority stakeholder
In addition, Agroponiente bolts on Lara Castañeda and increases its stake in Vegacañada
Development comes three years after the GP invested £8m in the construction equipment business
Existing investor Bayern Kapital also takes part alongside new investor Vesalius Biocapital