Lee Equity buys skincare brand Cosmetic Solutions for undisclosed sum
Category: #business  By Anchal Solanki  Date: 2019-10-24
  • share
  • Twitter
  • Facebook
  • LinkedIn
Lee Equity buys skincare brand Cosmetic Solutions for undisclosed sum
  • CEO Warren Becker and Chairman Mervyn Becker will continue leading the company
     
  • The Sage Financial Group acted as the financial advisor for Cosmetic Solutions

New York-based private equity firm Lee Equity Partners, LLC, has recently announced the purchase of Cosmetic Solutions, LLC, a leading provider of turnkey outsourcing services. Terms of the deal remained undisclosed.

Lee equity apparently helps foster businesses with strong growth potential by partnering with successful management teams. For the record, the company has invested and committed nearly $1.7 billion in over 20 lower-middle market businesses along with 50 add-on acquisitions.

Florida-based Cosmetic Solutions provides advanced custom skincare formulations and products for skincare professionals as well as new and existing brands. CEO Warren Becker and Chairman Mervyn Becker will reportedly continue leading the company and hold significant equity ownership in the business.

The company evidently operates a 95,000 square feet R&D and manufacturing facility spread across a 12-acre site. Apparently Cosmetic Solutions has an extensive portfolio of numerous active skincare formulations and sells to more than 1000 customers around the world.

Excellent R&D capabilities and flexible production capacity seemingly makes Cosmetic Solutions an ideal partner for both emerging brands that are looking to debut their products and established brands pursuing innovation and product line extensions.

Experts claim that Cosmetic Solutions’ 25 years of expertise in research, development and production of cutting-edge skincare products combined with Lee equity’s knowledge and experience will help the two companies grow and address the growing market demand while maintaining its standard of excellence with its longstanding customers.

Cosmetic Solutions has emerged over the years to establish itself as one of the top-notch innovative service providers for prominent skincare brands, commented Collins Ward, a partner at Lee Equity, adding Cosmetic Solutions’ reputation in consistently providing quality products along with with state-of-the-art R&D and turnkey manufacturing capabilities makes it a front-runner in the rapidly expanding premium skincare market.

The team at Lee Equity looks forward to collaborating with the Cosmetic Solutions team to accelerate their expansion ambitions, noted Ward.

The Sage Financial Group reportedly acted as the financial advisor to Cosmetic Solutions for the deal.  

 

Source Credits –

https://finance.yahoo.com/news/lee-equity-acquires-cosmetic-solutions-143700583.html

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Anchal Solanki

Anchal Solanki    

A civil engineer by qualification, Anchal Solanki forayed into the domain of content writing in the midst of her graduation, embarking on the career path of a successful freelancer. Equipped with a short-term experience in market research, Anchal currently writes news...

Read More >>

More News By Anchal Solanki

Vestas obtains 139MW turbine supply order from MHI Vestas Offshore Wind
Vestas obtains 139MW turbine supply order from MHI Vestas Offshore Wind
By Anchal Solanki

Turbine manufacturer Vestas has recently secured a supply order for 33 turbines from MHI Vestas Offshore Wind. Vestas will provide 139 MW of V117-4.2MW typhoon turbines to the first offshore project of utility-scale in Japan, located in the region&rs...

Global Pipeline Monitoring Systems Market: Deep Company Profiling of Leading Players 2020-2026
Global Pipeline Monitoring Systems Market: Deep Company Profiling of Leading Players 2020-2026
By Anchal Solanki

The Pipeline Monitoring Systems Market analysis document represents a detailed collection of prioritized market definitions, industry scope and reach, and pivotal industry insights. Information about the many pitfalls of the Pipeline Monitoring Syste...

Global Timing Device Market: Things to Focus on to Ensure Long-term Success 2020-2026
Global Timing Device Market: Things to Focus on to Ensure Long-term Success 2020-2026
By Anchal Solanki

The Timing Device Market report encompasses an in-depth analysis of the business space in question. All the growth facilitators responsible for furling the revenue scope of this industry are mentioned in the study in conjunction with the competitive ...