New Mountain Capital has made an investment in Topix Pharmaceuticals, a provider of therapeutic and cosmetic skin care products.
Topix develops, manufactures and markets topical skin care products under both branded and private labels. The company’s products include antioxidants, cleansers, exfoliators, moisturizers, peels, retinols, sunscreens and toners that are sold under the brand names Replenix, Citrix, Glycolix, and ReBrightalyze. Topix is headquartered in Amityville, NY (www.topixpharm.com).
New Mountain identified Topix through a proactive search for an investment opportunity in the life sciences and aesthetics industries. The firm will provide Topix with financial and strategic resources to support both new product development and acquisitions.
“Topix is the high quality leader in its space, and we are excited to partner with the Topix team to support the company’s next phase of growth,” said Andre Moura, a Managing Director at New Mountain. “We look forward to working with management to help the company realize its full growth potential by investing in new products, new channel strategies, new technologies and acquisitions, while maintaining the high level of quality and customer service which have always been the hallmarks of Topix’s success.”
New Mountain currently manages over $15 billion of private and public equity funds. The firm is an industry generalist but has specific expertise in education, health care, software, business services, logistics, specialty chemicals, federal services, media, consumer products, financial services and insurance, environmental services, infrastructure and energy. New Mountain was founded in 1999 and is headquartered in New York (www.newmountaincapital.com).
“New Mountain is the perfect partner to help Topix execute on its growth plans,” said Burt Shaffer, President and CEO of Topix. “New Mountain is known for its focus on business building, and Topix will have deep resources at its disposal to help us achieve our strategic growth objectives.”
© 2016 Private Equity Professional • 7-13-16