M&A Deal Summary

L Oreal Acquires Cadum International SA

On April 27, 2012, L Oreal acquired healthcare services company Cadum International SA from Blackstreet Capital Management and BNPP Capital Partners for 260M USD

Acquisition Highlights
  • This is L Oreal’s 1st transaction in the Healthcare Services sector.
  • This is L Oreal’s 5th largest (disclosed) transaction.
  • This is L Oreal’s 1st transaction in France.

M&A Deal Summary
Date 2012-04-27
Target Cadum International SA
Sector Healthcare Services
Buyer(s) L Oreal
Sellers(s) Blackstreet Capital Management
BNPP Capital Partners
Deal Type Add-on Acquisition
Deal Value 260M USD

Target

Cadum International SA

Paris, France
Cadum International SA is a manufacturer of personal care products.

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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 11 of 34
Sector (Healthcare Services) 1 of 3
Type (Add-on Acquisition) 10 of 23
Country (France) 1 of 5
Year (2012) 1 of 2
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-15 Pacific Bioscience Laboratories

Redmond, Washington, United States

Pacific Bioscience Laboratories, Inc. is a innovator in sonic skin care and the creator of the Clarisonic Skin Cleansing System and Clarisonic OpalTM Sonic Infusion Systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-26 Urban Decay Cosmetics

Newport Beach, California, United States

Urban Decay established itself as a trend-setting cosmetic company that revolutionized the way make-up companies name, package and market their products. The company markets its products primarily through domestic and international specialty beauty retailers, including Sephora and Ulta Beauty, better department stores, and through its website.

Buy -

Seller(S) 2

SELLER

Blackstreet Capital Management

Chevy Chase, Maryland, United States
Category Private Equity Firm
Founded 2003
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Blackstreet Capital is a private equity firm focused on control buyouts of under-performing corporate orphans with $25 to $150 million in revenue. Industries of interest include niche manufacturing, distribution, specialty retail, education and training, healthcare services and devices, and restaurants. Blackstreet invests up to $15 million of equity capital in businesses valued up to $75 million. Blackstreet's average holding period is three to five years. Blackstreet Capital(formerly Milestone Capital Management was founded in 2003 and is based in Bethesda, Maryland.

DEAL STATS #
Overall 16 of 24
Sector (Healthcare Services) 3 of 3
Type (Add-on Acquisition) 5 of 8
Country (France) 3 of 4
Year (2012) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Debt Line

Bournemouth, United Kingdom

Debt Line is a debt management sector, administrating Debt Management Plans ("DMP's") for 20,000 clients. DMP's are agreements between an individual and their creditors that restructure the individuals existing debt and allow for more manageable monthly repayments. Debt Line was founded in 2006 and is based in Bournemouth, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 Red Seal Measurement

Greenwood, South Carolina, United States

Red Seal Measurement is a manufacturer of metering systems used to measure the flow of liquids at various points of transfer. The primary application for the MTG’s metering system is measuring the amount of fuel, gasoline, heating oil, and propane pumped during the delivery process. Red Seal Measurement is based in Greenwood, South Carolina.

Buy -
SELLER

BNPP Capital Partners

Paris, France
Category Mezzanine Finance Firm
Founded 1991
Size Large
Type Sector Agnostic
DESCRIPTION

BNPP Capital Partners is the private equity investment arm of BNP Paribas in North America. The Group provides both equity and mezzanine capital to support buyouts or recapitalizations of middle-market companies. BNPP will also consider providing capital to help fund growth initiatives. The Firm prefers minority investments situations and often partners with outside equity sponsors. BNPP will consider investments in a wide range of industries. Sectors of interest include business services, manufacturing/distribution, consumer products and services, electronics & technology, healthcare, power generation equipment, environmental services, financial services, food/beverage & restaurants, aerospace/defense, media communications and advertising, natural resources and transportation. BNPP Capital Partners was formed in 1991 and is headquartered in Paris, France.

DEAL STATS #
Overall 3 of 9
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 4
Country (France) 2 of 5
Year (2012) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-18 Direct Medica

Boulogne-Billancourt, France

Direct Medica is a player in multi-channel relationship management in the healthcare sector in France and is recognised for its abilities to add value and continuously provide innovative solutions. The company serves a broad client base: pharmaceutical laboratories, hospitals, health insurance companies, institutional players and public authorities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 Navimo Group SAS

Lorient, France

Navimo Group SAS is a manufacturer and distributor of recreational marine equipment such as accessories for pleasure boats. Navimo Group is based in Lorient, France.

Sell -
Mergr

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