Centre Lane Affiliate Acquires Instant Brands' Appliances Division
November 14, 2023
An affiliate of Centre Lane Partners completed the acquisition of the Appliances Division of Instant Brands on November 8, 2023, acquiring the maker of the Instant Pot out of Instant Brands' Chapter 11 process. The transaction, financed by MidCap Financial and advised by Jones Day, provides a recapitalization for the division and positions Instant Brands Appliances (headquartered in Downers Grove, Illinois) for product and growth initiatives under Centre Lane ownership.
- Buyers
- Centre Lane Partners
- Targets
- Instant Brands Appliances
- Sellers
- Instant Brands
- Industry
- Consumer Products
- Location
- Illinois, United States
- Transaction Type
- Divestiture
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