The Sweet Smell of Success: Boyne Acquires YZY Fragrances

Boyne Capital has acquired YZY Fragrances, a branded fragrance company focused on perfumes, colognes, and body mists.

YZY Fragrances designs, formulates, manufactures, and distributes fragrance products sold under brands including Territoire, Acqua di Parisis, and Insurrection. YZY’s products are sold through retail, wholesale, and distribution channels and are designed to combine accessible price points with premium-inspired scent profiles and packaging. Its portfolio includes men’s and women’s fragrances, body sprays, and gift-oriented fragrance collections. YZY was founded in 1986 and is headquartered in Miami.

“We are thrilled to embark on this next chapter with Boyne Capital. Their resources, operational experience, and shared commitment to our customers and team will help accelerate our innovation pipeline, expand our footprint with both existing and new partners, and further elevate the YZY portfolio,” said Joseph Bouskila, the chief executive officer of YZY Fragrances.

“We are excited to partner with YZY Fragrances, a fast-growing brand family at the intersection of quality, design, and value. YZY’s emphasis on product excellence and strong customer relationships positions the company to capitalize on favorable category trends. We look forward to supporting the team as they scale the platform, deepen distribution, and bring new products to market,” said Derek McDowell, the managing partner of Boyne Capital.

“Fragrance remains one of the most resilient and dynamic segments within beauty. YZY has done an incredible job carving out a unique niche and connecting with consumers through great products and authentic brand storytelling,” said Roman Krislav, a managing director at Boyne Capital. “We see tremendous opportunity to help the company reach even more fragrance lovers and build on its strong momentum. Together, we plan to invest behind brand building, merchandising, and channel expansion.”

Boyne Capital invests in lower middle-market companies with revenues of less than $100 million and EBITDA of $3 million to $15 million. Sectors of interest include healthcare services, manufacturing, consumer products, and business services. The firm was founded by Mr. McDowell in 2006 and is headquartered in Miami, Florida.

Last month, Boyne held the first and final close of BCM Fund III LP (Fund III) at its hard cap, with $355 million in limited partner commitments. Total commitments to Fund III and its parallel funds, including Boyne general partner group commitments, exceeded $400 million. Fund III exceeded its $275 million target and closed just 90 days after launch.

Riley Securities was the sell-side advisor to YZY Fragrances on this transaction.