DENVER, April 10, 2013 /PRNewswire/ -- Swander Pace Capital, a leading private equity firm specializing in investments in consumer products companies, announced April 2, 2013 that it has completed the acquisition of Caleel + Hayden Holdings, Inc., d.b.a gloProfessional ("gloProfessional" or "glo"). Terms of the transaction were not disclosed.
"Swander Pace's reputation and track record with respected brands in the beauty and personal care field is impressive," said Sean Butler, president of gloProfessional. "Through this partnership, we look forward to tapping their expertise and insight as we collaborate to maximize gloProfessional's growth."
gloProfessional is a leader in the professional beauty domain with mineral-based cosmetics under the glominerals brand, premium skin care products under the glotherapeutics brand and hair care products under the gloessentials brand name. Their award-winning combination of high performance products, premium-grade ingredients and treatment oriented formulas is embraced by over 5,000 dermatologists, cosmetic surgeons, aestheticians, spa and salon professionals in 38 countries and counting. gloProfessional takes pride in providing unsurpassed product quality, customer service and sales programming to ensure complete client satisfaction. They reach their customers through a proprietary field sales force of over 70 team members, which is one of the largest in the professional channel.
"We're excited to continue to build our growing beauty and personal care portfolio with such a respected brand," said Swander Pace Managing Director Mo Stout. "gloProfessional is a leading, research-driven product of choice in the professional channel and enjoys a strong consumer following. We look forward to partnering with the management team to guide the company toward continued growth and success."
With the support of Swander Pace, gloProfessional is poised to become the leading professional skin care brand with a complete offering of cosmetics, skin and hair care and a division focused solely on the licensed physician.
gloProfessional's passionate commitment to research, education and innovation continues to inspire professional and at-home skin care, hair care and mineral-based make-up collections to deliver radiant beauty for healthy, glowing skin and hair. Including glotherapeutics skin care, glominerals make-up and gloessentials hair care. gloProfessional is the premier resource for advanced skin therapies, for women and men of all ages. www.gloprofessional.com.
About Swander Pace Capital
Swander Pace Capital is a leading private equity firm specializing in investments in growth-oriented, lower middle-market consumer companies. Since its inception in 1996, Swander Pace has used its expertise in this industry to pursue a consistent strategy of acquiring or investing in consumer products companies with leading market positions in attractive, defensible niches. With offices in San Francisco and New Jersey, Swander Pace provides portfolio companies with a unique mix of financial and strategic consulting support to create long-term investment value. Swander Pace has led successful private equity investments in consumer companies with total revenues in excess of $2.0 billion. www.spcap.com.