M&A Deal Summary

L Oreal Acquires IT Cosmetics

On July 22, 2016, L Oreal acquired retailer IT Cosmetics from TSG Consumer Partners for 1.2B USD

Acquisition Highlights
  • This is L Oreal’s 2nd transaction in the Retail sector.
  • This is L Oreal’s 2nd largest (disclosed) transaction.
  • This is L Oreal’s 12th transaction in the United States.
  • This is L Oreal’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2016-07-22
Target IT Cosmetics
Sector Retail
Buyer(s) L Oreal
Sellers(s) TSG Consumer Partners
Deal Type Add-on Acquisition
Deal Value 1.2B USD

Target

IT Cosmetics

Westfield, New Jersey, United States
IT Cosmetics is a retailer of multi-purpose cosmetics line with clinically-proven, high performance, skin loving, problem solutions. IT Cosmetics was founded in 2008 and is based in Westfield, New Jersey.

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Buyer(S) 1

Buyer

L Oreal

Clichy, France

Category Company
Founded 1909
Sector Consumer Products
Employees94,605
Revenue 41.2B EUR (2023)
DESCRIPTION

L'Oréal is a global cosmetics company. With a portfolio of dozens of international, diverse and complementary brands, L’Oréal is present across all distribution networks: mass market, department stores, pharmacies and drugstores, travel retail, and branded retail. L'Oreal was founded in 1909 and is based in Clichy, France.


DEAL STATS #
Overall 25 of 35
Sector (Retail) 2 of 2
Type (Add-on Acquisition) 20 of 24
State (New Jersey) 1 of 4
Country (United States) 12 of 18
Year (2016) 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-19 Coloright

Israel

Coloright develops hair fiber optical reader technology.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-10 CeraVe

Bridgewater, New Jersey, United States

CeraVe is a developer and manufacturer of skincare products including cleansers, moisturizers, sunscreens and healing ointments.

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 28 of 40
Sector (Retail) 2 of 3
Type (Add-on Acquisition) 22 of 31
State (New Jersey) 1 of 1
Country (United States) 27 of 38
Year (2016) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-09 Canyon Bicycles

Koblenz, Germany

Canyon Bicycles GmbH company engineers, develops, designs, and assembles high-performance road racing, mountain, triathlon, urban and fitness bikes, as well as bicycle parts, accessories, and apparel and sells its products consumer-direct. Canyon bikes are ridden globally at all levels of the sport. The company sponsors top-ranked road and mountain bike teams, including the world number-one ranked Movistar Team, and the reigning triathlon world-champion, Jan Frodeno. Canyon Bicycles was formed in 1985 and is based in Koblenz, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-29 The Duckhorn Portfolio

Saint Helena, California, United States

The Duckhorn Portfolio produces and sells wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Kosta Browne, Goldeneye, Paraduxx, Calera, Migration, Canvasback, Greenwing, and Postmark. The company sells its products directly to California retailers and restaurants; and to distributors and agents located in other states throughout the United States, as well as to export distributors that sell internationally. The Duckhorn Portfolio was founded in 1976 and is based in Saint Helena, California.

Buy -