Oaktree Home and Personal Care partnership
2026
$127M
Why
Spectrum Brands entered a strategic partnership with funds managed by Oaktree Capital, receiving a $127 million investment structured to separate and accelerate its Home and Personal Care appliances business while Spectrum retains about 73% ownership.
Impact
The transaction reflects the same portfolio-simplification playbook CEO David Maura has applied throughout his tenure -- carving out slower-growth categories rather than running every brand identically.
Outcome
The partnership is intended to let the Home and Personal Care business pursue growth investment with dedicated capital rather than competing internally against Spectrum's more resilient Global Pet Care segment. If successful, the structure could serve as a template for further separating other underperforming segments without a full divestiture. The structure lets outside observers judge the appliances business performance separately from the rest of Spectrum for the first time.