Topspin Partners Acquires a Majority Interest in JD Beauty and its Flagship Brand ‘The Wet Brush’
Intrepid today announced that its client, JD Beauty, a leading designer and marketer of branded, professional-quality brushes and beauty care accessories, has sold a majority stake to Topspin Partners.
“Intrepid’s insights and knowledge in the beauty care sector were invaluable in helping us explore our strategic options and in finding us the right partner to further accelerate our growth,” commented Jeff Rosenzweig, Founder and CEO of JD Beauty. “We believe we are only at the beginning of building JD Beauty and the Wet Brush brand and are excited to have Topspin as our partner going forward.”
“When we first met Jeff, we saw a flourishing business and truly special brand in the Wet Brush,” said Steve Davis, Head of the Beauty & Personal Care practice and Managing Director at Intrepid. “The Wet Brush has developed a passionate following with stylists and consumers, and Jeff and his team have done a tremendous job expanding the brand into new channels and geographies. We were delighted to advise JD Beauty and be a part of this exciting growth story.”
Founded in 1977, JD Beauty, through its flagship brand the Wet Brush, is the No. 1 hair brush brand in the professional channel and the fastest growing hair brush brand in the consumer retail channel. With the introduction and success of the Wet Brush, JD Beauty has redefined the hair brush category with design, function, fun and color, and helped create the “Detangling Brush” category. The company’s products are widely distributed through the professional channel, with a growing footprint in the consumer retail channel, both domestically and globally.
Intrepid is one of the most active mergers and acquisitions advisors in the Beauty & Personal Care sector. Our team has a deep understanding of trends and value-drivers across the sector, ongoing dialogue with the acquirer and investor universe, and a proven track record helping clients sell to global strategic acquirers and value-added private equity groups.
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About Intrepid Investment Bankers
Intrepid Investment Bankers provides M&A, capital raising and strategic advisory services to entrepreneurs and middle-market companies in various industry sectors. Our heritage, rooted in our founders’ successful 35-year history, breeds a culture that embraces teamwork, tenacity and creativity to win big for our clients. We believe that every company has an entrepreneurial passion that drives it and a story that defines it. Our team delivers results through skillful positioning of the client’s story and relentless execution. Based in Los Angeles, Intrepid augments its international capabilities through active membership in M&A International, an exclusive global alliance of M&A advisory firms.