Private equity fund Bridgepoint has announced it is acquiring the toiletries brand RoC Skincare from existing backer Gryphon Investors for an undisclosed sum.
Founded in France in 1957, RoC Skincare is described as one of the world’s largest independent skincare brands, offering “clinically proven, dermatologist-backed” products with a focus on ageing skin.
RoC Skincare is said to have achieved organic revenue growth of 70% since Gryphon Investors acquired the brand from Johnson & Johnson in 2020. Bridgepoint reportedly plans to support the brand in further accelerating its growth in its “heritage” European markets, in particular France.
The transaction was made via Bridgepoint Europe VII (BE VII), described as a fund focused on investing in mid-market growth businesses. It is expected to close in February.
Source: Private Equity Wire