Novacap-owned KDC makes Thibiant its latest acquisition
Knowlton Development Corp (KDC) has acquired Thibiant International Inc, a U.S. custom formulator and maker of personal care and skin care products. No financial terms were released. The acquisition is one of several completed by KDC since 2014, in each case backed its owner, Canadian private equity firm Novacap. Other deal investors included Caisse de dépôt et placement du Québec, Fonds de solidarité FTQ, Investissement Québec, Export Development Canada and Fondaction CSN. KDC, a Knowlton, Québec provider of health and beauty goods, secured a $165 million reinvestment led by Novacap via Novacap Industries IV in October 2014.
16 November 2016•5 mins read
