North Castle Partners Enters Into Agreement to Sell Ignite Holdings, LLC for $308M
Morrison Cohen client North Castle Partners and its co-investors, along with certain equity holders, entered into a definitive agreement to sell Ignite Holdings, LLC, a leading developer and marketer of reusable, environmentally friendly thermal mugs and hydration bottles primarily sold under the Contigo and Avex brands, to an affiliate of publicly traded Newell Rubbermaid for a purchase price of $308 million. North Castle is a leading private equity firm focused on investments in consumer-driven companies that promote healthy, active and sustainable lifestyles. Morrison Cohen represented North Castle Partners and Ignite in the transaction. For more details concerning the sale by North Castle Partners, please click here.
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