Private Label Skin Management Buyout ~ May 2016
Founded in 2012, PLS is a private label and contract manufacturer of skin care and cosmeceutical and beauty products with direct-to-consumer, full-scale fulfillment capabilities. PLS specializes in the anti-aging segment of the market with such products as moisturizers, serums and eye creams and other anti-aging products with age reversal, wrinkle refinement, eye treatment, and skin lightening and brightening capabilities. PLS’s capabilities include formulation development, manufacturing, filling and bottling, packaging design, labeling, and fulfillment services. PLS is headquartered in St. Petersburg, FL.
Taglich Brothers provided the majority of the $5.8 million in equity for the transaction. The transaction’s sponsor, Taglich Private Equity, arranged for a $3.0 million revolving credit facility, a $7.5 million senior term loan and a $6.0 million senior subordinated loan with Southfield Mezzanine Capital LP.
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