LORAC Cosmetics, Inc. has received an investment from Encore Consumer Capital
December 2015 — The private shareholders of LORAC Cosmetics, Inc. (LORAC) have sold the company to Encore Consumer Capital (Encore). Financial details have not been disclosed.
LORAC is an authentic Hollywood inspired prestige color cosmetics brand known as the “The Red Carpet Authority”. Founded in 1995 by celebrity makeup artist Carol Shaw, the company offers an expanding line of high-quality color cosmetics that are formulated to be non-irritating, natural-looking, effective, long-lasting and easy-to-use. The company currently sells its products primarily through Ulta, Kohl’s and its own e-commerce platform.
Encore is a San Francisco-based private equity investment firm focused on the consumer products industry. The firm has raised over US$600 million in committed equity capital and has invested in 24 platform companies. Encore is currently investing out of its US$260 million third fund, which closed in 2015. The firm targets companies with between US$10–100 million in annual revenues where Encore’s strong operating expertise in strategy development, brand marketing and distribution expansion can help drive performance.
Our role in the transaction
Oaklins' team in Los Angeles initiated the transaction, assisted in the negotiations and served as financial advisor to LORAC.
Talk to the deal team
Steven Davis
Oaklins Intrepid
Related deals
Cibus has acquired Aweta from Standard Investment
Standard Investment has reached an agreement with Cibus Capital, advisor to the Cibus funds, on the sale of Aweta, a global leader in fruit and vegetable sorting, grading and packing equipment. Completion of the transaction is expected in the coming weeks. The transaction provides Aweta with a strong partner to support the company’s next growth phase. Under Cibus’ ownership, Aweta will pursue further international growth and accelerate investment in R&D, supporting the installed base and product innovation, including software and AI capabilities. Aweta’s leadership team will continue to lead the business.
Learn moreComtax has been acquired by Ryan
Comtax, a São Paulo-based tax technology consultancy specializing in tax determination and digital tax compliance, had been acquired by Ryan, the world’s largest firm dedicated exclusively to business taxes. The transaction marks Ryan’s entry into the Brazilian market, adding a specialized team and an established base of large corporate clients in Brazil, one of the world’s most complex tax environments, at a time when the country’s consumption tax reform is set to reshape how companies calculate and report indirect taxes. For Comtax, the acquisition brings access to Ryan’s global platform, technology and client network across more than 80 countries, creating opportunities to scale its tax determination and compliance offering beyond its current footprint. Comtax’s founders will continue to lead the business.
Learn moreGroGlass has been acquired by Apogee Enterprises
Apogee Enterprises, Inc. (Nasdaq: APOG), a leading US provider of architectural building products, services and high-performance coated materials, has acquired GroGlass, a Latvia-based developer and manufacturer of high-performance anti-reflective and UV-protective glass coatings. The acquisition brings GroGlass’ differentiated coating technologies and materials science expertise into Apogee’s performance surfaces segment, broadening its product offering and market reach while expanding its manufacturing and R&D presence in Europe.
Learn more