Northwest Cosmetic Laboratories, a portfolio company of Clearview Capital since April 2014, has acquired Dream Team Beaute, a formulator and manufacturer of skin care and color cosmetic products.
Dream Team was founded in 2013 and is based near Los Angeles in Sun Valley, CA (no website found). The company’s co-founders, Kimberly Clark and Esme Mancia, will continue to lead the Dream Team division and drive new business opportunities for the combined company.
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).
The buy of Dream Team will elevate NCL’s existing color capabilities while adding new offerings in pressed and loose powders. “We are very excited to partner with Dream Team, which has a strong reputation for creating unique, fashion-forward products,” said NCL CEO Matt Bryant. “We have been seeking an acquisition that would complement our brand and bring a new element of innovation. We found these great attributes in Dream Team and its talented founders, Kimberly Clark and Esme Mancia.”
“This combination with NCL will help Dream Team continue to grow its reach beyond color,” said Ms. Clark. “Our capabilities complement each other very well, and we can leverage NCL’s organization and infrastructure to bring more resources to serve our customers,” Ms. Mancia.
Clearview Capital invests from $8 million to $50 million of equity in companies that have from $3 million to $15 million of EBITDA. Sectors of interest include business services, healthcare services, manufacturing, and specialized distribution. The firm was founded in 1999 by James Andersen and Calvin Neider and is headquartered in Old Greenwich, CT with an additional office in Los Angeles (www.ClearviewCap.com).
© 2017 Private Equity Professional | May 20, 2017
