MBO Partenaires sells Alkos to trade

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).

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• Trade sale