CDPQ invests in Groupe Marcelle's buy of PE-backed Lise Watier
Groupe Marcelle Inc has bought Lise Watier Cosmétiques, a Montréal-based branded developer and manufacturer of cosmetics, skincare and fragrances sold in department stores and drugstores. The acquisition's value was not disclosed; however, the Caisse de dépôt et placement du Québec (CDPQ) said it has invested $18 million in the combination of the two companies. Groupe Marcelle said the acquisition makes it the leading business in Canada's beauty industry and moves it closer to reaching the goal "of becoming one of the 100 largest global cosmetics manufacturers". Founded in 1972, Lise Watier has been a portfolio company of Canadian private equity firm Imperial Capital Group since 2007.
19 February 2016•3 mins read
