Leading Cosmetics Brand Laura Geller Acquired by Glansaol
January 5, 2017 – Morrison Cohen client Laura Geller, a leading prestige color cosmetics brand, was sold by private equity firm Tengram Capital Partners to Glansaol LLC, a new prestige beauty and personal care company.
Glansaol was founded through a partnership between Alan T. Ennis, a beauty industry veteran and former President and Chief Executive Officer of Revlon Inc., and Warburg Pincus, a global private equity firm focused on growth investing. Glansaol will operate an integrated portfolio of global beauty and personal care brands, diversified across segments, channels and geographies.
Glansaol hand-selected Laura Geller to be one of its first acquisitions because of its inspirational founder, high quality products and unique position within the marketplace. For more information on the acquisition, click here.