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Published October 22, 2019
Published October 22, 2019
Cosmetic Solutions

Lee Equity Partners, a growth middle-market private equity firm has acquired Cosmetic Solutions, a leading turnkey outsourced service provider to premium skincare brands.

WHO: Based in Boca Raton, Florida, Cosmetic Solutions is a founder- and family-led business backed by more than 28 years of experience. The company is a globally recognized manufacturer of turnkey private label skincare and leader in the custom formulation of scientifically proven, naturally effective personal care products with a focus on skincare, body care, specialty haircare, OTC, and professional use formulations.

Lee Equity is a New York-based private equity firm that partners with successful management teams to build companies with strong growth potential. Lee Equity targets equity investments of $50 million to $100 million in middle-market control buyouts and growth capital financings in companies with enterprise values of $100 million to $300 million that are located primarily in the United States. The firm invests in a range of industries where the team has deep relationships developed over decades, including business services, financial services, and healthcare services.

IN THEIR OWN WORDS: “We have devoted more than 25 years to establishing our brand as an internationally recognized expert in the research, development, and production of technologically advanced skincare products,” said Warren Becker, CEO of Cosmetic Solutions. “With Lee Equity’s knowledge and experience in the industry, we look forward to maintaining our standard of excellence with our longstanding customers while expanding to meet the increasing market demand.”

“Cosmetic Solutions has evolved into one of the highest quality and most innovative service providers to high-growth skincare brands,” said Collins Ward, a Partner at Lee Equity. “Management’s stellar reputation for consistent product quality, coupled with state-of-the-art R&D and turnkey manufacturing capabilities, make Cosmetic Solutions a forerunner in the large and growing premium skincare market. We look forward to partnering with Mervyn, Warren and the entire Cosmetic Solutions family to accelerate their growth plans.”


  • Lee Equity acquires Cosmetic Solutions.
  • The company’s founder, Chairman Mervyn Becker, and CEO Warren Becker will continue to lead the company and retain meaningful equity ownership in the business.
  • Terms of the transaction were not disclosed.
  • Twin Brook Capital Partners, the middle-market direct lending arm of Angelo Gordon, served as administrative agent on $90.5 million of debt financing to support the acquisition.
  • The company has an extensive library of thousands of active formulations and sells to over 1,000 customers worldwide.
  • The Sage Group served as exclusive financial advisor to Cosmetic Solutions.

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