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.

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