The private shareholders of Chatters Canada have sold the company to ONCAP for an undisclosed consideration.
Founded in 1990 in Red Deer, Alberta, Chatters is the largest retailer of professional hair care products in Canada and one of the largest hair salon operators in the country with more than 100 stores spanning eight provinces. Chatters retails more than 5,500 professional beauty products, including all the leading professional hair care brands as well as an increasing selection of skin care, body care, nail, and accessories brands. The Chatters model combines a unique balance of retail sales and salon services revenue under one roof, resulting in a differentiated and powerful one-stop professional beauty care format.
ONCAP, in partnership with operating company management teams, invests in and builds shareholder value in North American small- and mid-size companies that are leaders in their defined market niche and possess meaningful growth potential. ONCAP is the mid-market private equity platform of Onex, one of the oldest and most successful private equity firms committed to acquiring and building high quality businesses in partnership with talented management teams.
Oaklins' team in Los Angeles initiated this transaction, assisted in the negotiations and served as financial advisor to Chatters.
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