adult-bag-buying-1571848

Consumer Goods 2019

Health & Beauty In-depth Market Analysis Preview

Last year, the global M&A volume in the “VMS and Beauty” segment experienced a 5-year high:

79 transactions, a 41% increase YoY. Trends such as the amibiton to lead an increasingly healthy lifestyle, consumers striving for self-optimization and the wave of RX drugs becoming OTC products support high valuations. Within “Beauty”, niche areas like “Natural Cosmetics” are forecasted to outperform other areas with annual growth rates way into the double-digits.

With c. 30 transactions p.a. and a strong focus on high growth segments, Carlsquare is the leading advisor in Europe when it comes to M&A and fundraising in the VMS and Health & Beauty industry segments. From our six European offices (Berlin, Copenhagen, Hamburg, London, Munich and Stockholm), more than 70 professionals are covering clients within Consumer & Retail, Business Services, TMT and Healthcare.

We hope this report provides you with an incentive to reach out directly to anyone of us: we would always prefer to discuss our experience in person.

If you are planning a transaction or are interested in exchanging information on the Consumer Goods market, we look forward to hearing from you.

Partners

Bild av Arnold Holle
Arnold Holle

Managing Partner

Telefon: +44 20 80176020

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Bild av Michael Moritz
Michael Moritz

Managing Partner

Telefon: +49 30 809 33 47-13

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Bild av Mark Miller
Mark Miller

Managing Partner

Telefon: +49 40 300 836-11

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Nico Schmidt-Weidemann

Partner

Telefon: +49 89 255 49 53-17

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Carlsquare at glance and two selected deals in VMS and Beauty

08

Partners

70+ 

Employees

06

Offices across Europe

55

Transactions in the past 2 years

CHERRY-BODY-TEA-BANNER-852X476px

fitiva

Fitvia is a leading European digital native brand for healthy & functional nutrition in Germany.

Publicly-listed Dermapharm SE (ETR:DMP) acquired 70% of the shares of fitvia GmbH to benefit from new distribution channels and marketing know-how. Carlsquare acted as sell-side advisor for fitvia.

Baden Cosmetics Group (BCG)

BCG is one of the leading independent, medium-sized cosmetics companies in Germany with a delivery to more than 60 countries. DYA Holding GmbH, a company managed by the DY Affluent Fund (Hong Kong) acquired all shares in BCG and its well-known brands, such as Sans Soucis, Biodroga and Dr. Scheller. DYA, together with Carlsquare, keeps looking for outstanding beauty brands for its portfolio.

Beauty Deals Background (original)

Valuation of VMS companies

2x

revenue multiple

12x

EBITDA multiple

Beauty Brands Background (original)

Valuation of Beauty companies

4x

Beauty revenue multiple

19x

Beauty EBITDA multiple

VMS Market Background (original)

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Team

Bild av Michael Moritz
Michael Moritz

Managing Partner

Telefon: +49 30 809 33 47-13

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Bild av Mark Miller
Mark Miller

Managing Partner

Telefon: +49 40 300 836-11

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Caspar Graf Stauffenberg

Managing Partner

Telefon: +49 89 255 49 53-11

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Daniel Garlipp

Managing Partner

Telefon: +49 40 300 836-19

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Daniel Dies

Partner

Telefon: +49 40 300 836-16

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Manfred Drax

Partner

Telefon: +49 89 255 49 53-15

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Bild av Nico Schmidt-Weidemann
Nico Schmidt-Weidemann

Partner

Telefon: +49 89 255 49 53-17

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Anders Elgemyr

Managing Partner

Telefon: +46 70 496 18 15

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Erik Lundberg

Director

Telefon: +46 73 850 35 59

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Bild av Arnold Holle
Arnold Holle

Managing Partner

Telefon: +44 20 80176020

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Anders Bo

Managing Partner

Telefon: +45 4199 8252

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Bild av Flemming C. Pedersen
Flemming C. Pedersen

Managing Partner

Telefon: +45 4199 8251

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Morten Kjærulff

Partner

Telefon: +45 2634 9031

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Kurfürstendamm 188

10707 Berlin

Telefon: +49 30 809 334 70

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Michael Moritz

Managing Partner

Telefon: +49 30 809 33 47-13

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Eva Macha

Office Management

Telefon: +49 30 809 33 47-10

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Jessica Algner

Office Management

Telefon: +49 30 809 33 47-12

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Mandy May

Head of Operations

Telefon: +49 30 809 33 47 16

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Nils Zettelmeyer

Director

Telefon: +49 30 809 33 47-25

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Thorsten Grandt

Vice President

Telefon: +49 30 809 33 47-20

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Toldbodgade 57

1253 Copenhagen K

Telefon: +45 3945 0010

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Anders Bo

Managing Partner

Telefon: +45 4199 8252

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Bild av Flemming C. Pedersen
Flemming C. Pedersen

Managing Partner

Telefon: +45 4199 8251

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Bild av Morten Kjærulff
Morten Kjærulff

Partner

Telefon: +45 2634 9031

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Esplanade 41

20354 Hamburg

Telefon: +49 40 300 83 60

LinkedIn

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Bild av Mark Miller
Mark Miller

Managing Partner

Telefon: +49 40 300 836-11

LinkedInXING

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Bild av Daniel Garlipp
Daniel Garlipp

Managing Partner

Telefon: +49 40 300 836-19

LinkedIn

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Bild av Daniel Dies
Daniel Dies

Partner

Telefon: +49 40 300 836-16

LinkedIn

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Anna-Lena Kickbusch

Office Management & Accounting

Telefon: +49 40 300 836 10

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Elaine Kelly

PR, Marketing & Business Development Manager

Telefon: +49 40 300 836 18

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Mischa Krause

Director

Telefon: +49 40 300 836-24

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Philip Goldhahn

Vice President

Telefon: +49 40 300 836-21

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14 Buckingham Street

London WC2N 6DF

Telefon: +44 20 8017 6020

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Arnold Holle

Managing Partner

Telefon: +44 20 80176020

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Jon Tingling

Associate

Telefon: +44 77 1347-8286

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Von-der-Tann-Straße 7

80539 München

Telefon: +49 89 255 495 30

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Caspar Graf Stauffenberg

Managing Partner

Telefon: +49 89 255 49 53-11

LinkedIn

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Bild av Manfred Drax
Manfred Drax

Partner

Telefon: +49 89 255 49 53-15

LinkedIn

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Bild av Nico Schmidt-Weidemann
Nico Schmidt-Weidemann

Partner

Telefon: +49 89 255 49 53-17

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Bild av Anika Schaefer
Anika Schaefer

Office Management & HR

Telefon: +49 89 255 495 310

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Bild av Birger Jarlsgatan 13
Birger Jarlsgatan 13

111 45 Stockholm

Telefon: +46 8 684 439 00

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Bild av Anders Elgemyr
Anders Elgemyr

Managing Partner

Telefon: +46 70 496 18 15

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Bild av Erik Lundberg
Erik Lundberg

Director

Telefon: +46 73 850 35 59

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Bild av Caroline Berglund
Caroline Berglund

Strategic Business Manager

Telefon: +46 73 382 10 82

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Bild av Johan Heigard
Johan Heigard

Vice President

Telefon: +46 70 246 99 88

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Erik Foberg

Director ECM

Telefon: +46 70 434 85 03

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Markus Augustsson

Head of Equity Research

Telefon: +46 76 235 03 20

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Bertil Nilsson

Senior Equity Analyst

Telefon: +46 70 434 90 03

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Richard Ramanius

Associate Equity Analyst

Telefon: +46 73 539 66 99

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Lars Johansen

IT&Telecom Expert

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Ulf Boberg

Senior Advisor Life Science

Telefon: +46 73 312 44 90

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