The business retails through builders' merchants, distributors, specifiers, and showrooms.
Aqualisa designs and manufactures a range of market-leading digital, mixer and electric showers and accessories.
In September 2015 LDC backed the management buyout of Aqualisa for an undisclosed price from Sankaty Advisors, LLC, the credit affiliate of Bain Capital, and RBS. As part of the transaction, LDC made a significant equity investment, backing a management team led by CEO, David Hollander.
Aqualisa plans to accelerate its investment in new product development to introduce new technologies to the digital, mixer and electric categories, as well as continuing its investment in its loyal base of installers and customers to drive greater organic growth across the wider market.
Since the investment the business has achieved 47% growth in revenue (2014 - 2015).
LDC are a very experienced investor. Their tools and approach to the first 100 days were very useful to refocus the business on a wide range of new initiatives. That set a new tone and gave us the best possible chance to beat our business plan. They contributed highly capable resources from their 'Value Enhancement Group' who consulted with us in a non-confrontational, non-political way to bring experience, ideas and perspective to the business. As part of the investment, LDC also worked hard to identify new non-executives with in-depth knowledge of our industry who were willing to invest in the company themselves, supporting our future with their knowledge and experience. David Hollander, CEO, Aqualisa