Happi Staff10.09.20
Investment firm Blackstone, through its Tactical Opportunities platform, has acquired a majority stake ZO Skin Health. Terms of the transaction were not disclosed.
Founded in 2007 by Dr. Zein Obagi, the company has strengthened Dr. Obagi’s mission to create healthy skin for all and developed a line of high-quality skincare products.
“The Blackstone team supports both my vision of delivering healthy skin to all people and the business potential of the company. Together, we are committed to grow our brand globally and are excited for the next stage of growth for ZO,” said Dr. Obagi.
“On behalf of ZO’s management team, we are thrilled to work with Dr. Zein Obagi and our new partner in Blackstone. We will now have greater resources and tools to help us on our path in becoming the leading global physician-dispensed brand,” said President and CEO Mark Williams.
Todd Hirsch, a senior managing director at Blackstone called ZO Skin Health is one of the fastest-growing brands in the rapidly expanding professional skincare market.
Founded in 2007 by Dr. Zein Obagi, the company has strengthened Dr. Obagi’s mission to create healthy skin for all and developed a line of high-quality skincare products.
“The Blackstone team supports both my vision of delivering healthy skin to all people and the business potential of the company. Together, we are committed to grow our brand globally and are excited for the next stage of growth for ZO,” said Dr. Obagi.
“On behalf of ZO’s management team, we are thrilled to work with Dr. Zein Obagi and our new partner in Blackstone. We will now have greater resources and tools to help us on our path in becoming the leading global physician-dispensed brand,” said President and CEO Mark Williams.
Todd Hirsch, a senior managing director at Blackstone called ZO Skin Health is one of the fastest-growing brands in the rapidly expanding professional skincare market.
