DC Advisory advises Innova Capital on the acquisition of Torf Corporation
Background
- Operating since 1990, Bielenda Kosmetyki Naturalne (Bielenda) is a popular Polish cosmetic brand, available in stores in 55 countries. Bielenda is a portfolio company of Innova Capital, a leading, independent Polish private equity firm
- Torf Corporation produces the well-known lines of Tołpa branded cosmetic and personal care products. Torf Corporation has built a strong brand in Poland since its launch in the 1980s and is a leading producer of oral care products in Central and Eastern Europe (CEE)
- Torf Corporation has been backed by Resource Partners, an independent Polish private equity firm, since 2017
Process
- DC Advisory acted as exclusive financial advisor to Bielenda to provide strategic advice in relation to the acquisition of Torf Corporation
- DC Advisory led the process and leveraged local relationships to guide Innova Capital and Bielenda to a mutually satisfactory agreement
Outcome
- In November 2023, Resource Partners agreed to combine Torf Corporation with Innova-backed Bielenda
- The transaction is subject to customary antitrust closing conditions
- The deal provided a successful exit for Resource Partners and will help to cement Innova Capital’s place as owner of the premier domestic leader in personal and cosmetic care in the CEE region
What to read next
Date
Sectors
- Consumer, Leisure & Retail
Deal type
- M&A Advisory
Deal locations
Deal team
Managing Director, DC Advisory Poland & CEE
Managing Director
Director
Actions
Disclaimer
For more information, please see our transaction disclaimer
For important information regarding testimonials, please see our disclaimer.