M&A Deal Summary

Revlon Acquires Cutex Brands

On June 6, 2016, Revlon acquired consumer products company Cutex Brands from Patriot Capital and Arch Equity Partners

Acquisition Highlights
  • This is Revlon’s 6th transaction in the Consumer Products sector.
  • This is Revlon’s 3rd transaction in the United States.
  • This is Revlon’s 1st transaction in Missouri.

M&A Deal Summary
Date 2016-06-06
Target Cutex Brands
Sector Consumer Products
Buyer(s) Revlon
Sellers(s) Patriot Capital
Arch Equity Partners
Deal Type Add-on Acquisition

Target

Cutex Brands

Festus, Missouri, United States
Cutex Brands LLC is a producer of nail polish removers and nail treatments, sold through drug stores, mass merchandisers, supermarkets.

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Buyer(S) 1

Buyer

Revlon

New York, New York, United States
Category Company
Founded 1932
Sector Consumer Products
Employees5,600
Revenue 2.0B USD (2022)
DESCRIPTION

Revlon is a mass-market cosmetics, skin care, fragrance and personal care products companies. Revlon was founded in 1932 and is based in New York, New York.

DEAL STATS #
Overall 6 of 7
Sector (Consumer Products) 6 of 7
Type (Add-on Acquisition) 6 of 7
State (Missouri) 1 of 1
Country (United States) 3 of 4
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-30 SAS

Woking, United Kingdom

SAS & Co. Ltd. is a distributor of fragrance, cosmetics, skincare and personal care products focusing on the U.K. and Ireland. The SAS & Company team includes a highly professional and experienced group of individuals within the fragrance and beauty category, all of whom are focused on delivering excellence.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-16 Elizabeth Arden

Miramar, Florida, United States

Elizabeth Arden is a global prestige beauty products company with an extensive portfolio of prestige beauty brands sold in over 120 countries. The Company's brand portfolio includes Elizabeth Arden skin care, color and fragrance products; its professional skin care line, Elizabeth Arden PRO; the designer fragrance brands of Juicy Couture, John Varvatos and Wildfox Couture; the heritage fragrance brands of Britney Spears, White Diamonds Elizabeth Taylor, Curve, Giorgio Beverly Hills, Ed Hardy, Jennifer Aniston, Lucky Brand, Paul Sebastian, Halston, Geoffrey Beene, Rocawear, Alfred Sung, White Shoulders and BCBGMAXAZRIA; and the celebrity fragrance brands of Taylor Swift, Nicki Minaj, Mariah Carey and Justin Bieber.

Buy $870M

Seller(S) 2

SELLER

Patriot Capital

Baltimore, Maryland, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Patriot Capital is a private investment firm that provides equity and junior capital to support acquisitions, growth capital financings, management buyouts, and recapitalizations of middle-market companies. The Firm looks to invest $5 to $25 million in businesses generating revenues of $10 to $200 million. Areas of interest include business and consumer services, consumer products, niche manufacturing and distribution, education, e-commerce, application software, transportation, and telecom services. Patriot focuses its investment activity with the Mid-Atlantic, Midwest, and Southern areas of the US. Patriot Capital is based in Baltimore, Maryland.

DEAL STATS #
Overall 25 of 50
Sector (Consumer Products) 1 of 2
Type (Add-on Acquisition) 16 of 29
State (Missouri) 2 of 3
Country (United States) 25 of 50
Year (2016) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-30 Metro Boiler Tube

Ringgold, Georgia, United States

Metro Boiler Tube provides a full spectrum of boiler tube fabrication, cutting, and distribution, which includes press bending, welding, painting, polishing, and testing. The Company’s tubing serves a diverse group of industries in the power and industrial sectors, including utilities, pulp and paper, petrochemical, and sugar. Metro Boiler Tube was founded in 1989 and is based in Ringgold, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-19 Thermal Process Holdings

Elkhorn, Wisconsin, United States

Thermal Process Holdings provides heat treating services through four operating companies (Diamond Heat Treat, Certified Heat Treating, Hudapack Metal Treating, and P&L Heat Treating & Grinding). Thermal Process Holdings is based in Elkhart, Wisconsin.

Buy -
SELLER

Arch Equity Partners

Investor Investor

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Arch Equity Partners is a private equity firm focused on acquiring lower middle-market business services, distribution, and manufacturing companies headquartered in the Midwest US. Arch prefers profitable companies with up to $30 million in revenue. Prospective transaction situations include ownership transitions, management buyouts, recapitalizations, growth capital financings, divestitures, and select turnaround situations. Arch Equity Partners was formed in 2008 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 2 of 2
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Missouri) 2 of 2
Country (United States) 2 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-28 Ergo-Mechanical Industrial

Decatur, Illinois, United States

Ergo-Mechanical Industrial is a designer, manufacturer and installs custom material handling equipments. Ergo-Mechanical Industrial is based in Decatur, Illinois.

Buy $6M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Heat Transfer Tubular Products

Conroe, Texas, United States

Heat Transfer Tubular Products is a specialized distributor of tubing and related products for industrial applications involving heat exchangers, condensers, boilers, feel-water heaters, economizers, and similar equipment involved in heat exchange processes. In addition to providing the tubing, HTTP Products offers a full spectrum of value-added services including cutting, bending, annealing, both low and high finning, and other services necessary to optimize the performance of the heat exchange vessel. Heat Transfer Tubular Products is based in Conroe, Texas.

Buy -
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