M&A Deal Summary

Estee Lauder Companies Acquires Smashbox Beauty Cosmetics

On July 1, 2010, Estee Lauder Companies acquired retailer Smashbox Beauty Cosmetics from TSG Consumer Partners

Acquisition Highlights
  • This is Estee Lauder Companies’ 1st transaction in the Retail sector.
  • This is Estee Lauder Companies’ 3rd transaction in the United States.
  • This is Estee Lauder Companies’ 2nd transaction in California.

M&A Deal Summary

Date 2010-07-01
Target Smashbox Beauty Cosmetics
Sector Retail
Buyer(s) Estee Lauder Companies
Sellers(s) TSG Consumer Partners
Deal Type Add-on Acquisition

Target

Smashbox Beauty Cosmetics

Culver City, California, United States
Smashbox Beauty Cosmetics, Inc. is a retailer of photo studio-inspired prestige cosmetics company.

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Buyer(S) 1

Buyer

Estee Lauder Companies

New York, New York, United States

Category Company
Founded 1946
Sector Consumer Products
Employees44,020
Revenue 15.9B USD (2023)
DESCRIPTION

Estee Lauder Companies engages in the manufacturing and marketing of quality skincare, makeup, fragrance and hair care products. The Company’s products are sold in over 150 countries and territories. Estee Lauder Companies was founded in 1946 and is based in New York City.


DEAL STATS #
Overall 5 of 15
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 4 of 13
State (California) 2 of 4
Country (United States) 3 of 9
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-29 Applied Genetics

Freeport, New York, United States

Applied Genetics Incorporated Dermatics is a bio-pharmaceutical company that develops and sells high-end skincare products and cosmetic ingredients.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-31 L Rodin

New York,, New York, United States

L Rodin LLC, a luxury skin care brand founded by the iconic New York stylist Linda Rodin. L Rodin provides a highly selective line of premium, sensorial products that appeal to discriminating consumers of all ages and skin types.

Buy -

Seller(S) 1

SELLER

TSG Consumer Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 9.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

TSG Consumer Partners (formerly known as The Shansby Group) is a specialist private equity firm focused on acquiring and building mid-sized, branded consumer companies. TSG invests in private and publicly traded companies, and will consider both majority and minority equity positions. Specific sectors of interest include apparel, beauty, e-commerce, personal care, retail, food/beverages, restaurants, health/wellness, household products, and pet care. TSG looks for companies with sales between $20 million and $1.5 billion and can invest commit up to $500 million per transaction. TSG Consumer Partners was formed in 1987 and is based in San Francisco, California.


DEAL STATS #
Overall 11 of 40
Sector (Retail) 1 of 3
Type (Add-on Acquisition) 10 of 31
State (California) 3 of 17
Country (United States) 11 of 38
Year (2010) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-01 popchips

San Francisco, California, United States

popchips, Inc. is one of the better-for-you snack brands in North America, is an innovative line of popped snacks that are deeply satisfying, never deep-fried. popchips has been winning the hearts and stomachs of snackers worldwide. From trendsetters and celebrities to the entire family, the brand has built a loyal following of snacking enthusiasts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-06 Don Miguel

Anaheim, California, United States

Don Miguel, Inc. is a provider of branded frozen and fresh authentic Mexican flavored appetizers, snacks and handheld items. Don Miguel includes tacos, flautas, taquitos, empanadas, burritos, dinners and roller grill items.

Sell -