De'Longhi Acquires Capital Brands (Nutribullet & Magic Bullet) from Centre Lane Partners

December 29, 2020

De'Longhi Group agreed to acquire Capital Brands Holdings Inc., the Los Angeles-based owner of the Nutribullet and Magic Bullet personal blender brands, from affiliates of Centre Lane Partners for an enterprise value of approximately $421 million. Capital Brands forecasted roughly $290 million in 2020 net revenues; De'Longhi said the acquisition strengthens its presence in the U.S. and expands its food-preparation/blender portfolio and is expected to be accretive.

Buyers
De'Longhi Group
Targets
Capital Brands Holdings Inc.
Sellers
Centre Lane Partners, Affiliated companies of Centre Lane Partners
Location
California, United States
Transaction Type
Buyout

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