Yellow Wood closes sale of PDC brands

BOSTON — PDC Brands, whose portfolio includes such personal care and beauty brands as Dr. Teal’s, Cantu, Body Fantasies, BOD Man and Eylure, has officially been sold to CVC Capital Partners. Yellow Wood Partners picked up roughly $1.42 billion for the company, which it acquired five years ago.

 

“Over the past five years of our partnership with PDC, the company has successfully grown into a multinational consumer products company providing unique and innovative beauty and personal care products marketed to the most attractive segments of the global consumer base,” Yellow Wood founding partner Dana Schmaltz said. “ It has been a privilege partnering with James Stammer and the senior management team, as our combined efforts led to PDC quadrupling revenues while increasing EBITDA by more than five times under our ownership.”

 

Schmaltz said that the growth the company saw was driven by a combination of organic growth and the addition of five acquisitions that expanded PDC’s portfolio.

 

“We will miss working with our good friends at PDC and wish them continued success on their growth trajectory,” Schmaltz said. “Our focus at Yellow Wood going forward will be to continue to identify similar companies that can benefit from our operational expertise to build a portfolio of strong companies that will create exceptional value for our investors.”