Compass Diversified Holdings (CODI) has released an update.
CODI completed the acquisition of The Honey Pot Co. on January 31, 2024, through a merger, making it a wholly-owned subsidiary within its corporate structure. The $380 million purchase was funded with cash on hand and equity contributions from minority stakeholders and The Honey Pot Co. management. Following the acquisition, CODI owns approximately 85% of the parent company Topco. Concurrently, CODI provided a credit facility of around $110 million to the acquired entities, secured by their assets and guaranteeing entities.
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For a comprehensive understanding of the announcement, you can read the full document here.
