02.24.12
Real estate sales seem to be perking up in the US and "for sale" signs may be appearing in the cosmetics industry, too. According to sources, Deutsche Bank sent out books detailing the finances of Urban Decay to potential strategic buyers last week and StriVectin reportedly hired investment bank Goldman Sachs to explore a sale. Both companies have ties to the private equity community.
StriVectin was purchased by private equity firm Catterton Partners in July 2009. The brand, which industry sources estimate generates $135 million in retail sales, is managed by Chrysallis, Catterton Partners’ beauty industry-focused management team.The Boston-based private equity firm Castanea Partners invested in Urban Decay in March 2009.
Executives at both cosmetics companies declined to comment on potential sales.
StriVectin was purchased by private equity firm Catterton Partners in July 2009. The brand, which industry sources estimate generates $135 million in retail sales, is managed by Chrysallis, Catterton Partners’ beauty industry-focused management team.The Boston-based private equity firm Castanea Partners invested in Urban Decay in March 2009.
Executives at both cosmetics companies declined to comment on potential sales.