BDA Partners has announced 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.
|Glansaol & Clark’s Botanicals – Acquisition of Skincare Line
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.
Long Term Vision
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.
Strengthening Partnership - Growth
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.
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.”
Euan Rellie, Senior Managing Director, BDA, said:
“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.
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.
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.
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.
Source: BDA Partners