Glansaol, a new prestige beauty and personal care company, announced that it has signed agreements to acquire three brands – Laura Geller, Julep and Clark’s Botanicals. Glansaol was founded through a partnership between Alan T. Ennis, a beauty industry veteran and former President and Chief Executive Officer of Revlon Inc., and Warburg Pincus, a global private equity firm focused on growth investing. The acquisition of Laura Geller is closed. Julep and Clark’s Botanicals are expected to close shortly. Terms were not disclosed.
Glansaol, which means “pure life” in the Irish language and is pronounced Glan-Sale, will operate an integrated portfolio of global beauty and personal care brands, diversified across segments, channels and geographies.
“Our objective is to build Glansaol into a world-class, global beauty and personal care company by acquiring, integrating, and growing a portfolio of premium, complementary brands, managed by a team of seasoned executives,” said Alan T. Ennis, President and CEO of Glansaol. “I am delighted to be taking this first bold step. Each of the three brands we are acquiring today plays a specific and important role in our portfolio and will retain their individual brand autonomy and culture. I believe that our unique long-term view of building the next great beauty company, is appealing to both brand owners and the capital markets.”
“We are excited to support the acquisition of these three strong and growing brands with diversified demographics, and believe they will benefit from enhanced scale, marketing and distribution capabilities as part of the Glansaol platform,” said Annette Rodriguez, Managing Director, Warburg Pincus. “Alan, along with Martine Williamson, Glansaol Chief Marketing Officer, bring invaluable insights into beauty and personal care, and we see meaningful opportunities for growth and expansion. We look forward to investing behind Glansaol as it makes additional acquisitions of complementary brands over time.”
Glansaol hand-selected Laura Geller, Julep and Clark’s Botanicals to be its first acquisitions because of their inspirational founders, high quality products and unique position within the marketplace.