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Gladstone Place Partners is handling the $1.2B three-way business combination of Obagi advanced skin care company, Milk Makeup vegan brand and Waldencast Acquisition Corp. SPAC to create a global beauty and wellness platform.
Obagi is a leading player in the fast-growing dermo-cosmetic space, ranking as the No. 1 doctor-dispensed brand for treating acne, premature aging, sun damage and discoloration.
Milk Makeup markets more than 300 cruelty-free, vegan and clean formula products that are sold in Sephora and other retail outlets.
Waldencast is led by CEO Michel Brousset, who was group president of L’Oreal North America consumer products, and COO Hind Sebti, a veteran of L’Oreal and Procter & Gamble.
Brousset said, “partnering with Obagi and Milk Makeup is a major milestone in our ambition to build a best-in-class global multi-brand beauty platform, which will be home for the next generation of high-growth, purpose-driven brands.”
Gladstone Place Partners’ Steve Lipin and Christina Stenson represent Waldencast.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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