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Stock impact report

Alix Earle, Olaplex and Salt & Stone: Beauty, skincare dominated private markets this week [Yahoo! Finance]

Olaplex Holdings, Inc. (OLPX) 
Company Research Source: Yahoo! Finance
consumer-focused firm that has funded some of the trendiest consumer-facing names, including Kim Kardashian's Skims, makeup phenomenon Glossier and day spa chain Bathhouse. Images of Earle's chrome and mint bottles of serums and face washes hit social media feeds during a particularly active week for dealmaking in beauty and wellness, a space that could offer a beacon of hope amid continued headwinds in the broader consumer sector. On Thursday, private equity firm Advent International , with over $100 billion in AUM, sold hair care brand Olaplex Holdings to German consumer goods manufacturer Henkel in a deal valued at $1.4 billion. On Tuesday, the firm also acquired a majority stake in body care company Salt & Stone , which makes products such as deodorant and body wash. The beauty and wellness deals are a bright spot for a sector that is particularly vulnerable to fluctuations in consumer spending power. Already this year, the total deal value of PE deals in the personal, bea Show less Read more
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