Leading pool supplies retailer sold

CVC Capital Partners has agreed to sell Leslie's Holdings to L Catterton and an affiliate of GIC.



The financial details of the transaction have not been disclosed.



Founded in 1963, Leslie's is the world's largest retailer of swimming pool supplies and related products.



Funds advised by CVC made an investment in Leslie's in September 2010. During CVC's ownership period, Leslie's has grown its store base from 645 to nearly 900 locations and completed six acquisitions that have expanded the company's geographic presence and omnichannel capabilities.



"I would like to thank CVC for its unwavering support of our business and management team during our partnership,” said Larry Hayward, chairman and CEO, Leslie’s. “Together we have scaled and transformed the company, generating outstanding growth and positioning Leslie's for ongoing long-term success."