Announced
Financials
Tags
Pending
Single Bidder
Brazil
Friendly
Domestic
Private Equity
Acquisition
cosmetics provider
Majority
personal care products
Cosmetics
Private
Synopsis
Vinci Partners Investments, an alternative investment platform in Brazil, agreed to acquire Farmax, a manufacturer of beauty and personal care cosmetic products in Brazil. Financial terms were not disclosed. "Farmax has a unique trajectory, having established itself in the market as a company with tradition, legacy and a solid reputation. The cosmetics sector is growing rapidly, and we are very confident that our investment will support the Company and its top-notch management team in its process of becoming an even more relevant player in the marketplace. VCP III’s investment sets the start for a new accelerated expansion cycle for Farmax," Gabriel Felzenszwalb, Vinci Partner.
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