Bridgepoint Acquires Anti-Aging Brand Roc Skincare

The deal was for round $500 million, one supply stated, talking on situation of anonymity.

San Francisco-based Gryphon carved out the anti-aging skincare model from Johnson & Johnson Client Inc in 2019 for an undisclosed quantity.

New York-based Roc Skincare was created in 1957 by French pharmacist Dr. Jean-Charles Lissarrague. Its merchandise, which embody retinol and eye lotions, are offered globally by way of pharmacy, specialty and e-commerce channels.

Bridgepoint, which has 39.5 billion euros ($43 billion) of belongings underneath administration, has made related investments together with its buy of French cosmetics firm Vivacy in 2022. It additionally owned HTL Biotechnology, a maker of skincare ingredient hyaluronic acid, which it offered in 2021 to buyers led by Montagu for an undisclosed sum.

It’s the newest skincare deal this 12 months. Earlier this month cosmetics maker Puig stated it purchased a majority stake in German skincare model Dr. Barbara Sturm for an undisclosed sum.

The Spanish firm, which has stated it’s evaluating itemizing its shares publicly, stated namesake founder Dr. Barbara Sturm would retain a minority stake within the pores and skin and hair care maker, which was based in 2014.

Roc was Gryphon’s second funding within the magnificence sector after it purchased indie color cosmetics model Milani Cosmetics in June 2018.

By Abigail Summerville and Amy-Jo Crowley; Editors: Anousha Sakoui and Cynthia Osterman

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