Clearview Capital is actively pursuing add-on acquisitions for its portfolio company Northwest Cosmetic Laboratories which it acquired April 2014.
Northwest Cosmetic Laboratories (NCL) is a formulator and manufacturer of cosmetic and skin care products for branded cosmetic and personal care companies. NCL specializes in formulating “physician strength” skincare and prestige cosmetic products which are growing categories benefitting from new ingredient technologies and shifting consumer preferences for anti-aging and other cosmetic or health benefits. NCL’s products are sold through retail, internet and direct marketing channels. The company is headquartered in Idaho Falls, ID (www.trustncl.com).
According to Clearview, add-on candidates for NCL should have at least $3 million of annual revenue and have operating profit margins in excess of 10%. More general criteria include:
Focus on prestige brands: Companies servicing customers with high-end, prestige beauty and skin care brands. NCL is not seeking companies that own their own brands but rather those that formulate and manufacture products for their customers’ brands.
Complementary product capabilities: Companies producing innovative products in the pressed and loose powder category as well as premium skin care or color cosmetics products are of interest. Other specific areas of interest include hot pour, mascara, lipstick and pencil capabilities.
Sophisticated R&D and technical capabilities: Companies with strong research and development and technical capabilities, as well as a reputation for outstanding quality and regulatory compliance are of interest. FDA and/or OTC registered companies are preferred.
Geographic expansion: Companies with a presence in the Eastern US and California would be attractive although other geographies in the US and Canada will also be considered by Clearview.
To discuss potential add-on acquisitions for NCL you can contact any of the following Clearview professionals: Larry Simon, Principal; Jim Tucker, Principal; or Nick Berry, VP, Business Development.
Clearview Capital was founded in 1999 by Jim Andersen and Cal Neider and is headquartered in Old Greenwich, CT with additional offices in Chicago and Los Angeles (www.ClearviewCap.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 4-1-15
