LDC acquires Original Additions

Previous investment
In summer 2004 Barclays Ventures backed the management buyout of Original Additions together with Matrix Private Equity in a deal estimated at the time to be worth in excess of £10m. The investors acquired a majority stake in the business with the management holding the balance. Royal Bank of Scotland provided a package of around £5.7m, comprising senior debt and working capital, to facilitate the deal.

Company
Founded in 1978, Original Additions owns a range of beauty brands, including the UK's largest false nail brand Elegant Touch, the major eyelash and eye products brand Eylure. The company has a turnover of more than £30m.

People
Paul Figgins and Andy Grove led the transaction for LDC and will join the board of Original Additions.

Advisers
Equity - Eversheds (Legal)
Company - Quayle Munro (Corporate Finance); Taylor Wessing (Legal);

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• Topics
• Buyouts
• UK / Ireland
• Consumer
• Secondary buyout
• Mobeus Equity Partners
• Barclays Ventures
• LDC