Elemis taps Jefferies Group to explore a sale of the business

Elemis skincare brand
16 August, 2018

British luxury skin-care brand Elemis has tapped investment bank Jefferies Group to explore a sale of the business, as reported by CNBC. Elemis has roughly $50 million in earnings before interest, taxes, depreciation and amortization, the sources said, The upscale brand is the latest skin-care company to put itself up for sale, taking advantage of increased interest and growing sales in the industry. Elemis was acquired by L Catterton's predecessor, Catterton, in 2015, when the private equity firm acquired Elemis' parent, Steiner Leisure, for $925 million, including debt. A sale would be the latest in a string of deal activity in the industry.

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