HEADLINE:
STORY:
North CastlePartners today announced that it has acquired a controlling interest inCaleel + Hayden, Inc. ("C+H"), a developer, marketer and distributor ofmineral-based cosmetics and high-end skincare products ("cosmeceuticals").North Castle is a leading private equity firm focused exclusively oninvestments in consumer-driven product and service businesses that benefitfrom "Healthy Living and Aging" trends. It will fund the new investment,the terms of which were not disclosed, from its North Castle Partners III,L.P. fund.
Denver, CO-based Caleel + Hayden serves more than 5,400 dermatologists,cosmetic surgeons, licensed aestheticians, spas and salons domestically andinternationally and select specialty retailers in the United States. Thecompany's brands include glominerals, glotherapeutics and glospa, whichwere developed by C+H, as well as Cellex-C and Lycon Wax, which are soldunder exclusive distribution agreements in the U.S. and selectinternational markets.
North Castle's investment in Caleel + Hayden builds on the firm'sexpertise in the Aesthetics and Personal Carearena, where it currentlyholds investments in Avalon Natural Products, Inc., a leading natural andorganic personal care company; Red Door Spa Holdings, the world's leadingowner and operator of full-service salons and day spas, and HDS CosmeticsLab, Inc., a leading clinical skin care company operating under the brandname Doctor's Dermatologic Formula (DDF)........
Source: North Casle Partners http://www.northcastlepartners.com/
Reporter: Todd Fogarty, Kekst and Company 212-521-4854 todd-fogarty@kekst.com
Publication Date: November 16, 2007
Source URL: http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/11-16-2006/0004475849&EDATE
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Website: http://www.caleelhayden.com/.
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