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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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

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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-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 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

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Jessica Algner

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Polina Amini

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Markus Augustsson

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Ulf Boberg

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Manfred Drax

Partner

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Germar Ebner

Associate

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Anders Elgemyr

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Maximilian Fidel

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Thorsten Grandt

Vice President

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Johan Heigard

Vice President

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Caroline Heintz

Associate

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Maurice Hinrichs

Associate

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Arnold Holle

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Lars Johansen

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Elaine Kelly

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Anna-Lena Kickbusch

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Morten Kjærulff

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Mischa Krause

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Steffen Leckert

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Malve Liebig

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Erik Lundberg

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Eva Macha

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Mandy May

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Mirja Meyer

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Mark Miller

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Michael Moritz

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Bertil Nilsson

Senior Equity Analyst

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Flemming C. Pedersen

Managing Partner

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Richard Ramanius

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Anika Schaefer

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Alexander Schleppegrel

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Nico Schmidt-Weidemann

Partner

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Dimitri Selutin

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Caspar Graf Stauffenberg

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Gregor Steins

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Jon Tingling

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Sybille de Vegvar

Business Development & Marketing

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Oskar Wollert

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Nils Zettelmeyer

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Andreas Zetzsche

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Gerrit Zwarg

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