Capital D sells Invincible Brands to Henkel
London-based private equity manager Capital D has sold a 75% stake in Invincible Brands, a Berlin-based provider of social media campaign services for beauty products, to Henkel.
Henkel acquired interest in businesses comprising three beauty and care products brands - Hello Body, Banana Beauty and Mermaid+Me. Capital D and founders Bjoern Keune and Gennadi Tschernow will retain the remaining 25% stake in the business.
Previous funding
Capital D acquired Invincible Brands for an undisclosed sum in January 2018.
Company
Founded in November 2015, Invincible Brands is a social commerce platform that creates campaigns for beauty, health, fitness and nutrition products. It is headquartered in Berlin and sells its products from Germany into continental European markets. In the 12 months to June 2020, the businesses generated total sales of around €100m and employed around 180 people.
People
Capital D – Stephan Lobmeyr (co-founder).
Henkel – Carsten Knobel (CEO).
Invincible Brands – Bjoern Keune (co-founder).
Advisers
Vendor – Baylor Klein (corporate finance); Goodwin Procter (legal); BCG (commercial due diligence); Deloitte (commercial due diligence).
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