Lee Equity Partners, a growth middle market private equity firm, has partnered with Cosmetic Solutions, a service provider for skincare brands. The Cosmetic Solutions founder and chairman, Mervyn Becker, and CEO Warren Becker, will continue to head the company, maintaining meaningful equity ownership of the business. Additional terms of the partnership were not disclosed.
Cosmetic Solutions is a family-led business that provides modern, custom skincare formulation and manufacturing for skincare brands and professionals. The company operates out of a 95,000-square-foot manufacturing facility, based on a 12-acre campus in Boca Raton, FL. With expansive research and development capabilities, Cosmetic Solutions also has a library of active formulations that services over 1,000 customers worldwide. "We have devoted more than 25 years to establishing our brand as an internationally recognized expert in the research, development, and production of technologically advanced skincare products,” says Becker. "With Lee Equity's knowledge and experience in the industry, we look forward to maintaining our standard of excellence with our longstanding customers while expanding to meet the increasing market demand."
Lee Equity Partners invests in businesses in high growth, high return on capital industries. The partnership with Cosmetic Solutions is intended to maintain the company’s standards while growing to meet the rising market demand. "Cosmetic Solutions has evolved into one of the highest quality and most innovative service providers to high-growth skincare brands," says Collins Ward, a partner at Lee Equity. “Management’s stellar reputation for consistent product quality, coupled with state-of-the-art R&D and turnkey manufacturing capabilities, make Cosmetic Solutions a forerunner in the large and growing premium skincare market. We look forward to partnering with Mervyn, Warren, and the entire Cosmetic Solutions family to accelerate their growth plans.”