JD Beauty Group has acquired Ouidad, the curl expert hair care and styling brand, further diversifying the JD Beauty product portfolio.
WHO: The first Ouidad salon dedicated to curls opened in 1984. Over three decades later, the brand has flagship salons, certified salons located across the country, and an award-winning product establishing the brand as an expert in curly hair.
JD Beauty is a portfolio company of Topspin Partners, a New York-based private equity fund.
WHY: This acquisition further diversifies JD Beauty’s product offerings, now adding haircare and styling to its existing hair brushes and electrical appliances portfolio.
IN THEIR OWN WORDS: Jeffrey Davidson, chief executive officer of JD Beauty, commented, “We are always striving to cement our position as an innovation leader in the professional beauty industry, and this new chapter with Ouidad speaks to that commitment. We are excited to continue to deliver exceptional results and growth for our customers. Ouidad is an exciting brand, with a passionate following similar to our current lines Wetbrush and Bio Ionic. We will be honored to further its legacy here at JD Beauty.”
Leigh Randall, managing partner of Topspin Partners, added, “JD Beauty has proven to be an excellent partner, and after the success of the Bio Ionic acquisition, we were excited to partner with the team at JD Beauty again. This deal is an excellent strategic move for both Ouidad and JD Beauty, and we look forward to seeing the resulting growth.”
Pierre Lampert, CEO of Ouidad, said, “The renowned Ouidad brand has enjoyed a great momentum across all of its channels, and this acquisition under JD Beauty will further accelerate the company’s development. We are thrilled to be working with the team at JD Beauty, who have an excellent track record for growing and supporting well-known names in the industry.”
- JD Beauty Group has acquired Ouidad.
- Terms of the transaction were not released.
- This acquisition of Quidad was completed in partnership with Topspin Partners, the majority owner of JD Beauty.
- Deerpath Capital Management and Star Mountain Capital provided financing for the transaction.
- Quidad will join the JD Beauty group portfolio of hair brands WetBrush and Bio Ionic.
- Stifel was financial adviser to Ouidad on the deal.
Photo: via Ouidad