Topspin Partners has acquired a majority interest in JD Beauty, a designer and marketer of branded hair brushes and beauty care accessories.
Jeff Rosenzweig, the founder and CEO of JD Beauty, will continue to lead the company under Topspin ownership. “We are excited to have Topspin as our partner. Their expertise and network in the personal care industry will be invaluable as we grow our brand and expand our market presence,” said Mr. Rosenzweig. “Topspin’s strategic insight will be helpful as we consider various avenues for growth.”
According to Topspin, JD Beauty’s flagship detangling brush, the Wet Brush, is the number one hair brush brand in the professional channel and the fastest-growing hair brush brand in the consumer retail channel.
“The Wet Brush reinvigorated the hair brush category with design and function and redefined the ‘detangling brush,'” said Leigh Randall, Managing Director at Topspin. “JD Beauty has established tremendous consumer and stylist acceptance and a loyal and growing base of consumers as evidenced by its rapid growth over the last few years. We intend to expand the Wet Brush brand into complementary new channels.”
Topspin Partners makes control investments in profitable and established lower middle-market businesses. Sectors of interest include health and wellness, niche consumer, food and beverage, business services and security. The firm is based near New York City in Roslyn Heights, NY (www.topspinpe.com).
“JD Beauty’s beginnings date to 1977, when I started selling beauty products at local flea markets. My mom’s basement in Queens was my first warehouse. I had no idea that we would evolve into one of the leading marketers and manufacturers of professional hairbrushes in the world. Here we are, 38 years later and JD Beauty Group is known for thousands of items,” said Mr. Rosenzweig.
JD Beauty is based on Long Island in Hauppauge, NY (www.jdbeauty.com).
Intrepid Investment Bankers (www.intrepidib.com) was the financial advisor to JD Beauty.
© 2015 PEPD • Private Equity’s Leading News Magazine • 10-27-15
