
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).
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