2016 12月 20
BDA advises Clark’s Botanicals on sale to new prestige beauty and personal care group, Glansaol
Divested Clark's Botanicals to Glansaol
BDA Partners is pleased to announce that its client, premium skincare brand Clark’s Botanicals Inc., has agreed to be acquired by newly formed Glansaol LLC. Glansaol has also agreed to acquire prestige color cosmetics line Laura Geller, and color cosmetics & skincare line Julep. The Clark’s Botanicals transaction is expected to close in January 2017. Terms of the transaction were not disclosed. BDA acted as exclusive financial advisor to Clark’s Botanicals.
Clark’s Botanicals is a premium skincare brand founded in 2008 by Francesco Clark after he suffered a crippling spinal cord injury and lost the ability to walk. With his central nervous system impaired, Francesco was afflicted with clogged pores, chronic breakouts and an inability to naturally exfoliate, which could not be remedied through traditional means. In partnership with his father, Dr. Harold Clark, they developed a line of products containing Jasmine Absolute, a proprietary, rebalancing ingredient, and the brand has become a favorite among the beauty elite.
Glansaol was founded in 2015 by Alan T. Ennis, former President & CEO of Revlon Inc., and launched in partnership with global private equity firm Warburg Pincus. It will operate a portfolio of global beauty and personal care brands, diversified across segments, channels and geographies. Glansaol hand-selected Clark’s Botanicals, Laura Geller and Julep to be its first acquisitions because of their inspirational founders, high quality products and unique positions in the marketplace.
Francesco Clark, Founder, Clark’s Botanicals, said, “Ultimately, all the Glansaol brands will benefit from each other’s individual strengths. I knew Glansaol would be the only fit for Clark’s Botanicals because they are more than just a business plan; they have a strong and clear long term vision for supporting brands and want products that actually work and in which people believe.”
Justine Mannering, Managing Director and Head of Consumer, BDA, said, “Having worked with Clark’s Botanicals over the past three years, we are delighted that the Company has found strong partners in Glansaol and Warburg Pincus to support its continued growth in the US and internationally. Francesco’s vision, hard work and success are an inspiration to us all.”
"This is a terrific outcome for a great founder. BDA is proud to have helped Francesco, and to have worked again across the table from Warburg Pincus. Glansaol is ideally positioned to be a home run success."
About Clark’s Botanicals
Clark’s Botanicals Inc., based in Bronxville, New York, is a premium skincare brand founded by Francesco Clark in 2008 after suffering a crippling spinal injury, in which he lost the ability to walk. Together with his father, Dr. Harold Clark, he developed a line of products containing a proprietary, rebalancing Jasmine Absolute. www.clarksbotanicals.com
Glansaol LLC is a world-class prestige beauty brand and personal care company with an integrated portfolio of premium, complementary brands that include Laura Geller, Julep and Clark’s Botanicals. The company was founded in New York City in October 2015 by CEO, Alan T. Ennis, in partnership with Warburg Pincus LLC. Through Ennis’ extensive beauty and personal care background, Glansaol is managed by a team of seasoned executives to deliver superior results and long-term growth acceleration. Glansaol works with individual brands to retain their brand uniqueness while collaborating together on innovation, research and ideas across brands. Through this approach, Glansaol is dedicated to providing consumers with high quality, innovative products. Glansaol, which is pronounced Glan-Sale, is Irish for “Pure Life.” www.glansaol.com
About Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $40 billion in private equity assets under management. The firm’s active portfolio of more than 130 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 16 private equity funds, which have invested more than $58 billion in over 760 companies in more than 40 countries. The firm is headquartered in New York with offices in Amsterdam, Beijing, Hong Kong, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. www.warburgpincus.com
BDA Partners is a leader in cross-border investment banking involving Asia. BDA advises on M&A, capital raising, and restructuring. BDA has been consistently owned and managed by the same team since 1996. BDA has a track record of providing independent advice to blue-chip corporate and financial sponsor clients from North America, Europe, and Asia. BDA is headquartered in New York with offices in London, Dubai, Mumbai, Ho Chi Minh City, Singapore, Hong Kong, Shanghai, Seoul, and Tokyo. BDA was named M&A Advisory Firm of the Year at The ACG Champions Awards in 2015. BDA formed a partnership with William Blair & Company in 2011. www.bdapartners.com
BDA carries out its US securities business through BDA Advisors Inc, a broker-dealer registered with the US Securities and Exchange Commission (SEC) and a member of FINRA and SIPC. BDA’s UK subsidiary is authorised and regulated by the Financial Conduct Authority. BDA’s HK subsidiary is licensed and regulated by the Securities & Futures Commission.
Acquired Rich Graviss
Divested controlling stake to Grass Green Group
Divested assets to Centric Brands
Agreed to divest a 70% stake to Affirma/SCPE
Divested Alliance Cosmetics Group to Mandom
Investcorp invested up to $250m in China Everbright New Economy Fund
Divested Leyou to Warburg Pincus
Divested Chinese RTW business to a Hong Kong-based investor
Divested Gourmet Noodle House to GreenTree Inns
Growth capital raise
Divested Harrys of London to Charles Cohen
Acquired Chinese food ingredients company, Tianning Flavours
Merged with Fitness First Asia, led by Navis Capital
Raised growth capital
Divested Happy Socks to Palamon
Divested Theodore Alexander to Creative Home Furniture
Raised growth capital from Standard Chartered Private Equity
Divested King Koil China to Advent International
Divested CHS Ningbo Protein Foods to Shandong Wonderful
Divested lighting business, Halonix Technologies