Year: 2018

Industry: Beauty & Personal Care

Service: Buy-Side M&A

Geography: North America

Financo Advises Gryphon Investors on Acquisition of Majority Stake in Milani Cosmetics

Gryphon Investors is a San Francisco-based middle market private equity firm that has an extensive track record of leading equity investments. Gryphon typically invests $50 million to $200 million per portfolio company. The firm closed its fourth private equity buyout fund, Gryphon IV, in November 2016 at $1.1 billion, and raised a $100 million captive mezzanine fund, Gryphon Mezzanine Partners, L.P., in August 2017. The investment in Milani marks Gryphon’s first investment in the beauty and personal care space.

Milani Cosmetics, headquartered in Los Angeles, is a leading “masstige” beauty company that encompasses two distinct brands, Milani and Jordana. The company began in 1986 with the creation of Jordana Cosmetics and later grew significantly with the purchase and relaunch of the Milani brand in 2001. The company’s face, lip and eye products are available in 75 countries and through key domestic retail partners including Walmart, Walgreens, Ulta, Target and CVS.

  • 2018

This transaction was completed prior to Raymond James’ acquisition of Financo.