BDA advises Clark’s Botanicals on sale to new prestige beauty and personal care group, Glansaol

BDA Partners is pleased to announce that its client, premium skincare brand Clark’s Botanicals Inc., has agreed to be acquired by newly formed Glansaol LLC. Glansaol has also agreed to acquire prestige color cosmetics line Laura Geller, and color cosmetics & skincare line Julep. The Clark’s Botanicals transaction is expected to close in January 2017. Terms of the transaction were not disclosed. BDA acted as exclusive financial advisor to Clark’s Botanicals.

Clark’s Botanicals is a premium skincare brand founded in 2008 by Francesco Clark after he suffered a crippling spinal cord injury and lost the ability to walk. With his central nervous system impaired, Francesco was afflicted with clogged pores, chronic breakouts and an inability to naturally exfoliate, which could not be remedied through traditional means. In partnership with his father, Dr. Harold Clark, they developed a line of products containing Jasmine Absolute, a proprietary, rebalancing ingredient, and the brand has become a favorite among the beauty elite.

Glansaol was founded in 2015 by Alan T. Ennis, former President & CEO of Revlon Inc., and launched in partnership with global private equity firm Warburg Pincus. It will operate a portfolio of global beauty and personal care brands, diversified across segments, channels and geographies. Glansaol hand-selected Clark’s Botanicals, Laura Geller and Julep to be its first acquisitions because of their inspirational founders, high quality products and unique positions in the marketplace.

Francesco Clark, Founder, Clark’s Botanicals, said, “Ultimately, all the Glansaol brands will benefit from each other’s individual strengths. I knew Glansaol would be the only fit for Clark’s Botanicals because they are more than just a business plan; they have a strong and clear long term vision for supporting brands and want products that actually work and in which people believe.”

Justine Mannering, Managing Director and Head of Consumer, BDA, said, “Having worked with Clark’s Botanicals over the past three years, we are delighted that the Company has found strong partners in Glansaol and Warburg Pincus to support its continued growth in the US and internationally. Francesco’s vision, hard work and success are an inspiration to us all.”