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PE firm Catterton takes minority stake in Intercos

Intercos has completed a round of financing led by Catterton, the US-based leading consumer-focused private equity firm, for a significant minority ownership in the company. 

ClearVue Partners, who has a working relationship with Catterton, co-invested in the transaction. 

Clearvue Partners is a private equity fund targeting fast growing and promising consumer companies in the Greater China region. Financial terms of the transaction were not disclosed. ClearVue’s co-investment in Intercos is a reflection and belief that cosmetics industry in China will be a fast-growing end market and therefore of long-term strategic value to Intercos.  ClearVue’s expertise and local market presence will enhance its capabilities and business growth in the local market.
 
Dario Ferrari, the Founder and Chief Executive Officer of Intercos, will continue to lead the Company. A veteran of the beauty industry, Ferrari will continue to bring significant executive leadership and commercial experience to Intercos.
 
Ferrari says: “We are thrilled to partner with Catterton as Intercos continues to expand its presence in the global beauty and cosmetics industry. Catterton brings proven expertise, decades of experience in the personal care industry and new resources that will enable us to accelerate our international development strategies, including further expansion in the United States and China. Intercos prides itself on setting the standard for innovation in the beauty industry and we are excited to partner with Catterton for this next phase of growth.”
 
“Catterton identified Intercos as the leading supplier to the cosmetics and beauty category with an operating profile that is the gold standard in the industry,” says Nik Thukral, a Senior Partner at Catterton. “We are thrilled to partner with Dario who has built this remarkable business over the past 42 years. Intercos today brings a highly differentiated set of capabilities to the industry, reflective of its broad product portfolio, global footprint, deep management talent and emphasis on research and product innovation. We are excited and look forward to partnering with Intercos and building on its global leadership, particularly in the US, China and Latin America.”
 
“We believe in the growth potential of the cosmetics segment of China. Colour cosmetics represent a fast-growing segment within the cosmetics industry,” says Harry Hui, Managing Partner of ClearVue Partners, “We feel excited to partner with Intercos, a leading global cosmetics company. We will work closely with Intercos to fuel its growth to the next level.”
 

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