M&A Deal Summary

Crown Laboratories Acquires StriVectin

On August 26, 2021, Crown Laboratories acquired consumer products company StriVectin from L Catterton Partners

Acquisition Highlights
  • This is Crown Laboratories’ 2nd transaction in the Consumer Products sector.
  • This is Crown Laboratories’ 3rd transaction in the United States.
  • This is Crown Laboratories’ 1st transaction in New York.

M&A Deal Summary

Date 2021-08-26
Target StriVectin
Sector Consumer Products
Buyer(s) Crown Laboratories
Sellers(s) L Catterton Partners
Deal Type Add-on Acquisition
Advisor(s) Moelis & Co. (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

StriVectin

New York, New York, United States
StriVectin is an independent prestige skincare company in the U.S., empowers people to outsmart aging with our disruptive science and targeted solutions for aging and changing skin. Backed by over 35 years of clinical research, our proprietary NIA-114 Technology is clinically proven to strengthen the skin barrier and supercharge the efficacy of other performance ingredients to visibly transform skin. Cruelty Free, Paraben Free, and Suitable for All Skin Types, StriVectin products are sold through department stores and specialty retailers in North America, Europe, and Asia. StriVectin Operating was founded in 2002 and is based in New York, New York.

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Buyer(S) 1

Buyer

Crown Laboratories

Johnson City, Tennessee, United States

Category Company
Founded 2000
Sector Life Science
DESCRIPTION

Crown Laboratories is a specialty pharmaceutical company that produces medical products such as Blue Lizard Australian Sunscreen and medical products AlaQuin, AlaScalp, and Daxbia. Crown Laboratories currently operates three distinct areas of focus related to skincare and treating skin-related conditions: Consumer Healthcare Products, Prescription Products, and Contract Development and Manufacturing Services. Crown Laboratories was founded in 2000 and is based in Johnson City, Tennessee.


DEAL STATS #
Overall 6 of 8
Sector: Consumer Products M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 5
State: New York M&A 1 of 1
Country: United States M&A 3 of 5
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-21 Xycrobe Therapeutics

San Diego, California, United States

Xycrobe Therapeutics, Inc. focuses on utilizing the ubiquitous nature of skin microbes by turning them into vehicles for the delivery of biotherapeutics. Xycrobe Therapeutics is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-24 Eclipse - Aesthetics Assets

The Colony, Texas, United States

Eclipse's Aesthetics Assets provides medical technologies and products.

Buy -

Seller(S) 1

SELLER

L Catterton Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1989
PE ASSETS 37.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

L Catterton is a private equity firm that targets investments in consumer-related companies located throughout North America. L Catterton looks for businesses with identifiable brands and operating in 'defensible and extensible' positions within growth industry segments. Specific sectors of interest include branded consumables, food/beverages, consumer services, restaurants, media and marketing, household durables, specialty retail, mass merchant retail, and luxury/apparel. Prospective transactions include management buyouts, recapitalizations, turnarounds, and growth financings. L Catterton was formed in 1990 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 80 of 105
Sector: Consumer Products M&A 13 of 17
Type: Add-on Acquisition M&A Deals 34 of 49
State: New York M&A 7 of 12
Country: United States M&A 59 of 76
Year: 2021 M&A 9 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-12 SellerX

Berlin, Germany

SellerX is Europe’s aggregator of third-party e-commerce businesses. The Company builds category-winning brands by acquiring and scaling third-party Amazon FBA and other e-commerce businesses, operating a number of brands across multiple verticals. SellerX was founded in 2020 and is based in Berlin, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Airxcel

Wichita, Kansas, United States

Airxcel is a designer, manufacturer, and marketer of climate control systems for a variety of specialty end markets including recreational vehicles, telecommunication enclosures, and commercial/industrial applications. The company employees find opportunities to express creativity and innovation, enhance education and be productive team members in a supportive work environment. It conducts its business with respect and regard for its employees, customers, suppliers, financial partners, and communities in which it operates. Airxcel was formed in 1991 and is based in Wichita, Kansas.

Sell $750M