M&A Deal Summary

THG Acquires Perricone MD

On October 2, 2020, THG acquired consumer products company Perricone MD from Lion Capital for 60M USD

Acquisition Highlights
  • This is THG’s 2nd transaction in the Consumer Products sector.
  • This is THG’s 2nd largest (disclosed) transaction.
  • This is THG’s 2nd transaction in the United States.
  • This is THG’s 1st transaction in California.

M&A Deal Summary
Date 2020-10-02
Target Perricone MD
Sector Consumer Products
Buyer(s) THG
Sellers(s) Lion Capital
Deal Type Add-on Acquisition
Deal Value 60M USD

Target

Perricone MD

San Francisco, California, United States
Perricone MD is a provider of premium clinical skin care products. Perricone MD was founded in 1997 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

THG

Altrincham, United Kingdom
Category Company
Founded 2004
Sector E-Commerce
Employees7,291
Revenue 2.0B GBP (2023)
DESCRIPTION

THG is an online beauty and wellbeing businesses that operates 166 websites, retailing to customers in 160 countries. THG was founded in 2004 and is based in Altrincham, United Kingdom.

DEAL STATS #
Overall 12 of 13
Sector (Consumer Products) 2 of 3
Type (Add-on Acquisition) 11 of 12
State (California) 1 of 1
Country (United States) 2 of 3
Year (2020) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-18 Language Connect

London, United Kingdom

Language Connect is a language translation and localisation services company. Language Connect has grown rapidly to become a leading international language services provider. The business has a diverse blue-chip customer base of over 900 organisations globally, including Thomson Reuters, Twenty First Century Fox and Norton Rose Fulbright, as well as several of the world’s largest market research organisations. It also has an international footprint, with offices in London, New York, Singapore, Dubai, Munich and Melbourne.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-10 Bentley Laboratories

Edison, New Jersey, United States

Bentley Laboratories is a formulator, manufacturer, and packager of a wide range of cosmetic products, and serves as a certified manufacturer for major brands and a variety of niche brand marketers. Bentley Laboratories was founded in 1982 and is based in Edison, New Jersey.

Buy -

Seller(S) 1

SELLER

Lion Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 4.3B EUR
Size Mega
Type Sector Focused
DESCRIPTION

Lion Capital LLP is a specialist private equity firm focused on consumer-oriented opportunities throughout Europe and North America. Specific areas of interest include apparel, accessories, luxury goods, food, and specialty retail. Lion Capital LLP was formed in 2004 and is based in London. The Firm has an additional office in New York City.

DEAL STATS #
Overall 21 of 23
Sector (Consumer Products) 3 of 4
Type (Add-on Acquisition) 10 of 12
State (California) 3 of 3
Country (United States) 6 of 7
Year (2020) 2 of 2
Size (of disclosed) 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-22 REX

Austin, Texas, United States

REX is a real estate technology company delivering a full-service online marketplace for residential real estate buyers and sellers and the lowest transaction costs in the industry. It matches buyers and sellers directly through the company’s online platform and charges a total fee as low as 2%, instead of the 5-6% fee lost to traditional brokers. REX was formed in 2015 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-04 Snaptravel

Toronto, Ontario, Canada

Snaptravel is a message-driven commerce platform that uses AI to connect price-conscious consumers to the best promotions on mobile. Snaptravel was founded in 2016 and is based Toronto, Ontario.

Buy -
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