Cosmetic Solutions, LLC, a Boca Raton, Florida-based outsourced service provider to premium skincare brands, received an investment from Lee Equity Partners.
The amount of the deal was not disclosed.
According to a source familiar, Twin Brook Capital Partners, the middle market direct lending arm of Angelo Gordon, served as administrative agent on $90.5 million of debt financing to support the acquisition.
The company intends to use the funds to accelerate their growth plans.
Led by founder and Chairman Mervyn Becker, and CEO Warren Becker, who will continue to lead the company and retain meaningful equity ownership in the business, Cosmetic Solutions provides custom skincare formulation and manufacturing for emerging and established brands, as well as skincare professionals. The company has an extensive library of thousands of active formulations and sells to over 1,000 customers worldwide.
It operates out of a 95,000 square foot R&D and manufacturing facility, on a 12-acre campus.