Apollo Management has agreed to buy two businesses for $2.2bn (€1.8bn) from whirlpool tub maker Jacuzzi, marking the private equity firm's second and third deals in a week.

Apollo will pay $1.25bn, including $260m in assumed debt, to buy Jacuzzi. Credit Suisse advised Apollo, while Lazard advised Jacuzzi.

Heidi Moore in New York

Apollo Management

General Electric

Credit Suisse

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Apollo splashes $2.2bn in hot tub deal

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