CVC seeks Colomer buyer

Investment bank Michael Dyens has been hired to run an auction process for the Barcelona-based firm, which recorded sales of €387m and an EBITDA of €37m in 2009.

CVC completed the $325m buyout of Colomer, then known as Revlon Professional Products (RPP), in February 2000. It acquired a majority stake in the group, which manufactures and markets a broad range of major salon and retail hair and nail care  products around the world. Two Spanish families, Colomer and Gómez Aparicio, rolled over their existing stakes in RPP into the new group and committed further capital to take the balance of equity.

Hardy McLain of CVC's London office, along with Javier de Jaime, Joaquín Pereira and Iñaki Cobo of the Madrid team, coordinated the deal on behalf of the investor. A senior debt package was provided by Société Générale, while Deutsche Bank and Alvano de Remedios acted as CVC's corporate finance advisers. Carlos Colomer, former CEO of RPP and a son of the family who owned the original European business of Henry Colomer, was appointed to lead the management team.

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• Topics
• Southern Europe
• Exits
• Consumer
• CVC Capital Partners
• Spain