ENFR

Unilever has acquired Hourglass, the group’s first move into makeup. Hourglass will join Murad, Ren, Dermalogica, Kate Somerville and Living Proof

June 2017

Unilever has acquired luxury color cosmetics brand Hourglass, the group’s first move into makeup. Hourglass will join Unilever’s prestige beauty portfolio, which also includes Murad, Ren, Dermalogica, Kate Somerville and Living Proof. Ohana & Co. acted as exclusive financial advisor to Hourglass in this transaction.

Founded in 2004 by beauty industry veteran Carisa Janes, Hourglass is known for innovation, luxe packaging and exceptional product experience. The brand is acclaimed for its breakthrough formulations and technological innovation, including the use of active ingredients in complexion products. Hourglass’s distinctive offering has secured the brand a loyal following amongst consumers who look for high performance beauty products.

Alan Jope, President Personal Care, Unilever, said, “We are delighted to be adding Hourglass to our portfolio of Prestige brands. The color cosmetics category has been showing high growth-rates, driven by social media content, channel diversity and democratization of professional makeup techniques, and it therefore presents a significant opportunity. Hourglass is already a successful brand in this space, offering fantastic make-up products that also deliver skin care benefits, and we look forward to continuing to grow this wonderful brand.”

Carisa Janes, CEO Hourglass, added, “As the first color brand in Unilever’s Prestige portfolio, we are excited about this partnership as Hourglass continues to challenge the status quo with high performance luxury cosmetics. Unilever’s commitment to innovation and social responsibility is aspirational, and perfectly aligned with our vision for the future of Hourglass.”

Related Transactions

kewego

KIT digital (Czech Republic, USA), a leading global provider of cloud-based video asset management solutions listed on the NASDAQ (KITD), has acquired Kewego, the French leader in B2B video in Southern Europe. Ohana & Co. acted as the exclusive financial advisor to Kewego and its shareholders (founders, Banexi Ventures and CDC Entreprises).

Read more
VANCLEEF

Interparfums (France, USA) has acquired the fragrance business of Van Cleef & Arpels, one of the world’s most renowned jewelers, from Gucci Group and Richemont. Ohana & Co. acted as the exclusive financial advisor to Interparfums.

Read more
canberra

AREVA (EPA: AREVA), the France-based global leader in nuclear energy with 2015 sales of $4.6 billion, has sold its wholly owned US subsidiary, Canberra Industries, the leading provider of innovative nuclear measurement solutions, to California-based Mirion Technologies, a global leader in radiation detection and protection, backed by private equity fund Charterhouse Capital. Canberra Industries, based in Meriden, Connecticut, is a leader in the nuclear measurement sector. It designs, manufactures and markets innovative and cost-effective nuclear measurement solutions used to maintain safety of personnel, assess the health of nuclear facilities and safeguard the public and the environment. Canberra generated revenues of about $200 million in 2014 and has more than a thousand employees worldwide. In this competitive process initiated by Areva in June 2015, Ohana & Co. acted as global advisor to Canberra’s management team, accompanying it throughout the entire process. Ohana & Co. assisted the management team on the structuring of its exit package, the preparation of the roadshow with the various bidders and the negotiation of equity investment packages with each of the bidders shortlisted by Areva.

Read more