With 94% of private equity and venture capital houses confident about the future of the M&A market and wider economy in 2016 – even post-Brexit – the outlook remains bright for cosmetics acquisitions and sales going into the new year
A bumper year for cosmetics industry acquisitions and sales, 2016 has seen scores of brands changing hands, with notable deals including By Kilian, NeoStrata, EB Florals, Elizabeth Arden, Nude, Close Shave Society, Becca Cosmetics, Bulldog Skincare and Too Faced, not to mention Coty's takeover of P&G's beauty business, involving 41 brands.
Acquisition and sale specialist KBS Corporate recently found that 97% of private equity and venture capital houses surveyed are planning to continue deploying funds into acquisitions at the same rate as the past year for the rest of 2016 and going into 2017.
But what does this mean for the cosmetics industry? Simon Daniels, Director at KBS Corporate, talks to Cosmetics Business about his predictions of how the M&A market will fare going into next year in light of emerging sector trends and, of course, Brexit.
There have been some major acquisitions made over the last year. What stood out to you?
Online deals database, Zephyr, records that M&A volumes involving cosmetics companies have been high throughout 2016. One of the most notable was the acquisition of Briggs Group Ltd, for the value of £23m. Briggs operates under the name Giusti within the cosmetics sector and provides . . .
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