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Altium advises on the buyout of ADA Cosmetics backed by ARDIAN

Fri, 25/07/2014 - 12:46

Altium acted as exclusive financial adviser to The Carlyle Group and the management team on the sale of ADA Cosmetics to private equity investor ARDIAN.

Sascha Pfeiffer, managing director of Altium, says: “This transaction exemplifies Altium’s strong position in the relevant private equity community. We approached a limited number of potential investors and crafted a very focused M&A process and successfully completed this buyout in less than four months. In addition, this transaction demonstrates our strong competence in the health & beauty sector: After Douglas and LR Health & Beauty Systems, ADA Cosmetics was already the third transaction in this sector in less than two years.”
 
Since Carlyle's 2011 investment, ADA Cosmetics has seen solid organic revenue growth of c. 20 per cent to over EUR 50 million and increased its EBITDA by c. 70 per cent. The company also strengthened its strategic position through investments in Asia and Middle East and winning new brands like Hermès.
 
Equity for this investment came from Carlyle Europe Technology Partners (CETP) II, a EUR530 million growth capital fund that closed in November 2008.
 
ADA Cosmetics is the largest supplier of cosmetics and amenities to premium hotels in Europe with growing presence in Asia and the Middle East. 


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