IRVINE, Calif., Oct. 27, 2015 /PRNewswire/ -- Ascendiant Capital Markets, LLC (www.ascendiant.com) announced today the sale of its client, Cosmetic Technologies of Newbury Park, California, to Knowlton Development Corporation (KDC), headquartered in Longueuil, Quebec. Cosmetic Technologies, a leading beauty and personal care products contract manufacturer, marks the first West Coast acquisition of the rapidly growing KDC, an organization with sales now in excess of US $650 million and eight operating facilities.
The transaction also marks the first M&A deal for Ascendiant Managing Director Paul Fejtek since joining the firm earlier this year along with six of his colleagues. The timing of the closing came just days before Mr. Fejtek's departure for Nepal in hopes of becoming among the first to "Ascend" an unclimbed peak in the Himalayas known as Burke Khang. This 22,775-foot mountain is located nine miles west of Mt. Everest and is named after Fejtek's friend and retired attorney Bill Burke. "We are heading up into uncharted territory since this peak has never been climbed before, and we feel fortunate to have the opportunity to take on this challenge," said Fejtek, a veteran M&A advisor, experienced high altitude mountaineer, and author of Steps to the Summit http://stepstothesummit.com. Ron Lewis, President of Cosmetic Technologies added, "Paul did an exceptional job guiding me through the unfamiliar landscape of selling my business and I'm excited about the future with KDC. I'm also excited for Paul's adventure climbing Burke Khang and I wish him all the best!" (http://www.fejteksevensummits.blogspot.com/)
Ascendiant Capital Markets, LLC, based in Irvine, California, is a full-service investment banking, equity research, market making, and securities trading firm focused on public and private companies, and strategic and institutional investors. During their careers, Ascendiant's Managing Directors have successfully completed more than 250 mergers and acquisitions across a broad range of industries. Ascendiant Capital Markets is registered with the United States Securities and Exchange Commission (SEC) as a broker-dealer, and is a member of the FINRA and SIPC.
For more information, please visit www.ascendiant.com or contact Paul Fejtek, Managing Director at 949.259.4919 / [email protected] or Bradley J. Wilhite, Managing Partner at 949.259.4949 / [email protected].
This announcement is for informational purposes only and does not constitute a solicitation or offer to buy or sell any securities or other financial instrument or to provide any investment advice or service.
SOURCE Ascendiant Capital Markets, LLC