
MBO Partenaires sells Alkos to trade
MBO Partenaires has sold its stake in Alkos Group, a France-based cosmetics manufacturer, to Cornell Capital's Knowlton Development Corporation, a Canada-based health and beauty-care products manufacturer.
MBO Partenaires acquired a 51% stake in Alkos in 2014, though the GP subsequently reduced its stake in the business, enabling founder Gérard Gieux to increase his share, Unquote reported in 2016.
The acquisition of Alkos allows Knowlton, based in Longueuil, Québec, to have a presence in Europe. Knowlton was backed by New York-based GP Cornell Capital in Q4 2018.
Company
Headquartered in Paris, Alkos comprises Inter Cosmétiques, Sagal Cosmétiques and Alkos Cosmétiques with a portfolio of products across makeup, skincare, cosmetic pencils and perfumed deodorant sticks and soaps, all of which serve major worldwide cosmetics brands and include the only French manufacturer of cosmetic pencils. Alkos employs more than 400 employees.
People
Alkos Group – Nicholas Whitley (president, CEO); Gérard Gieux (founding owner).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater