PRINT THIS PAGE UK Close Brothers backs £82m buy-out of Aqualisa from BC's Baxi26/10/2004. Source: AltAssets. 
 UK mid-market specialist Close Brothers Private Equity has bought shower distributor Aqualisa from Baxi Holdings, the European heating products manufacturer acquired earlier this year by BC Partners. The transaction is valued at £82.5m.
Mark Perryman, investment director at CBPE, said: 'Our aim is to back strong management teams to deliver value for our private equity funds. Aqualisa is exactly the type of business we are looking for.'
Aqualisa generates sales of £50m and operating profits of more than £9m. It employs more than 340 staff and is based in Kent.
Aqualisa was acquired by BC Partners in March this year as part of Baxi. The business is being sold on as part of Baxi's strategy to concentrate on its core heating business.
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