Current Investment-FUND III
Acquisition date: April 4, 2014
Disposition date: Current Holding
Formulator and manufacturer of innovative cosmetic and skin care products for leading branded cosmetic and personal care companies
Northwest Cosmetic Laboratories, LLC ("NCL") specializes in developing “physician strength” skin care and prestige cosmetic products, which are growing categories benefitting from new ingredient technologies and shifting consumer preferences for anti-aging and other cosmetic or health benefits. NCL has leveraged its product development expertise and industry-leading reputation for quality and customer service to develop an outstanding group of customers that include boutique and internationally-recognized brands, specialty retailers and other personal care companies that distribute through a diverse mix of retail, internet and direct marketing channels.
The transaction closed on April 4, 2014. Clearview invested equity from Clearview Capital Fund III, LP. Senior debt was provided by U.S. Bank and subordinated debt was provided by Brookside Mezzanine Partners.