⭐ How can M&A transform a business? I'm pleased to share a success story in which I take pride in having contributed.
🌏 Twenty years ago, Albéa Group began developing a service business, leveraging its presence in Asia to source #packaging, accessories, and promotional items that catered to its Western customers' needs, which differed from its manufacturing capabilities.
When PAI Partners acquired Albéa in 2018, this business line was such a minor part of its revenues and profit that it wasn't even highlighted in the sale process marketing material.
💄 Six years later, this business, now rebranded as Innovative Beauty Group (IBG) has transformed significantly in both form and scale. Today, IBG boasts a global team of beauty #experts who empower clients—ranging from established #beauty brands to first-time private label #retailers—to create high-quality beauty products. They provide comprehensive support from #concept and #design to retail placement, assisting retailers and brands with everything necessary for market readiness.
As an example, IBG's Brand Incubator recently launched the new #Levitate Beauty #skincare series with Family Dollar. The new brand was designed to offer luxury skincare products at affordable prices.
🔎 I take pride in having collaborated with Xavier Leclerc to shape IBG into what it is today. From jointly defining our M&A strategy, screening suitable targets, and approaching business owners with the IBG value proposition to negotiating and finalizing deals, as well as seeking new shareholders.
🤝 The three acquisitions completed in recent years— Orchard Custom Beauty, FASTEN - Innovative Beauty Packaging, and Roberts Beauty—have been pivotal in establishing IBG as it exists today: an extensive global #network with 10 offices across three continents and 300 employees acting as a true value-added partner, providing local expertise to over 200 customers.
🚀 With the support of its new shareholder, Fremman Capital, IBG is now taking flight on its own. I extend my best wishes to Xavier and his talented #team for continued success in advancing IBG's remarkable #growth story within one of the most dynamic segments of the beauty and personal care supply chain.
#buildup #privatequity #valuecreation #mergersandacquistions
François GIRARD Benoît Lelong Jennifer Raphael Paul Havinga Gwenaelle Longo Ogor Kirsten Haazer Brittny Robins
Innovative Beauty Group has been acquired by Fremman Capital. As IBG departs from Albéa Group, IGB expands, develops, and enhances its capabilities across a range of market segments.
➡️https://hubs.li/Q02zt8jt0
#M&A #beautyacqusitions #beautypackaging
SVP Global Sourcing @ Pentland Brands | Supply Chain Management
5moThank you for the opportunity to visit you and for you all taking the time to walk me through the products.