Investment Summary

TPG and Ardian Invest In Rodan + Fields

On May 3, 2018, private equity firms TPG and Ardian invested in consumer products company Rodan + Fields

Investment Highlights
  • This is TPG’s 11th and Ardian’s 11th transaction in the Consumer Products sector.
  • This is TPG’s 215th and Ardian’s 45th transaction in the United States.
  • This is TPG’s 71st and Ardian’s 5th transaction in California.

Investment Summary

Date 2018-05-03
Target Rodan + Fields
Sector Consumer Products
Investor(s) TPG
Ardian
Deal Type Growth Capital
Advisor(s) Perella Weinberg Partners (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

Rodan + Fields

San Francisco, California, United States
Rodan + Fields is an operator of a skincare brand in North America. Rodan + Fields has 1.8m subscription-based customers and delivers products exclusively through a direct sales channel with a salesforce of more than 350k consultants, who sell products to their networks through a web portal against commissions on sales. Rodan + Fields was founded in 2000 and is based in San Francisco, California.

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Investor(S) 2

Investor

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 324 of 451
Sector: Consumer Products M&A 11 of 13
Type: Growth Capital M&A Deals 46 of 74
State: California M&A 71 of 88
Country: United States M&A 215 of 298
Year: 2018 M&A 14 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-03 Renaissance

Wisconsin Rapids, Wisconsin, United States

Renaissance is a provider of technology-based school improvement and student assessment programs for pre-kindergarten through to senior high (pre-K-12, aged 5-18) schools and districts. The company's products and services, adopted by more than 70,000 schools, are primarily focused on two curriculum areas: reading and mathematics. Renaissance was founded in 1986 and is based in Wisconsin Rapids, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-14 GreenSky

Atlanta, Georgia, United States

GreenSky is a technology company powering commerce at the point of sale for a growing ecosystem of merchants, consumers, and banks. The company's highly scalable, proprietary, and patented technology platform enables merchants to offer frictionless promotional payment options to consumers, driving increased sales volume and accelerated cash flow. Banks leverage GreenSky’s technology to provide loans to super-prime and prime consumers nationwide. GreenSky was formed in 2006 and is based in Atlanta, Georgia.

Sell -
Investor

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 321 of 465
Sector: Consumer Products M&A 11 of 13
Type: Growth Capital M&A Deals 45 of 66
State: California M&A 5 of 7
Country: United States M&A 45 of 70
Year: 2018 M&A 8 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-03 Mademoiselle Desserts

Montigny le Bretonneux, France

Mademoiselle Desserts is a producer of frozen bakery products, such as pastry base, flaky pastry, flans, and unbaked and baked pies. Mademoiselle Desserts was founded in 1984 and is based in Montigny le Bretonneux, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-14 ESIM Chemicals

Linz, Austria

ESIM Chemicals is a global provider of high-quality agricultural and crop protection chemicals, intermediates and maleic anhydride tree chemicals, focusing on partnering with companies in the custom synthesis of their unique compounds and offer a portfolio of fine chemical products critical to multiple industries. The company has more than 75 years of experience in transforming innovative ideas into scalable supplies of advanced fine chemical products and intermediates using state of the art facilities. ESIM Chemicals was founded in 2015 and is based in Linz, Austria.

Sell -