Glansaol makes a statement with its first acquisitions sweeping in at the end of the year, scooping up Laura Geller and Julep that were on everyone’s acquisitions target lists for 2017. Rumor has it more acquisitions on the way.
WHO: Laura Geller is a leading prestige color cosmetics brand developed in 1997 by professional makeup artist Laura Geller. The brand is renowned as the pioneer of the “baked” category of makeup—cult-favorite, multitasking powders that deliver remarkably vibrant color—and for its easy-to-use, dual-purpose products intended to simplify and improve women’s makeup routines.
Julep is a prestige color cosmetics and skincare brand founded by Korean-born Jane Park with the vision that beauty can be a fun and fearless experience for all women. Her desire to bring women together led her to launch four nail parlors in Seattle in 2007, which also served as a test lab to share experiences and provide feedback on products. Julep has since evolved into a top selling, omni-channel beauty brand. Its unique innovation process incorporates the voices of thousands of “Mavens” for online social input.
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 through a partnership between Alan T. Ennis, a beauty industry veteran and former President and Chief Executive Officer of Revlon Inc., and Warburg Pincus, a global private equity firm focused on growth investing. The company will operate an integrated portfolio of global beauty and personal care brands, diversified across segments, channels, and geographies.
WHY: Glansaol hand-selected Laura Geller, Julep, and Clark’s Botanicals to be its first acquisitions because of their inspirational founders, high-quality products and unique position within the marketplace.
IN THEIR OWN WORDS: Alan T. Ennis, President and CEO of Glansaol: “I am delighted to be taking this first bold step. Each of the three brands we are acquiring today plays a specific and important role in our portfolio and will retain their individual brand autonomy and culture. I believe that our unique long-term view of building the next great beauty company, is appealing to both brand owners and the capital markets.”
- WWD reported that industry sources estimate that combined, the three brands have $100 million in revenue.
- The terms of the transactions were not released.
- Glansaol has been working closely with Financo and Wells Fargo Securities in connection with the transactions.
Read the full press release on PR Newswire.