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Yellow Wood Partners Sells PDC Brands

The firm signed an agreement with CVC Capital Partners.

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By: Marie Redding

Senior Editor, Rodman Media

Yellow Wood Partners, a leading private equity firm, announced plans to sell PDC Brands.

The firm signed of a definitive agreement to sell PDC Brands to CVC Capital Partners. PDC Brands is a rapidly growing provider of beauty, personal care and wellness brands, including Calgon, SalonSystem and The Healing Garden.

Dana Schmaltz, founding partner of Yellow Wood Partners, said, “During our partnership with PDC Brands the company grew dramatically with revenues growing over 4x and EBITDA growing over 5x over the last five years. The strong performance has been driven by strong organic sales growth combined with the addition of five acquisitions of nine brands that were added to the portfolio.”

Schmaltz continues, “The time is right time for PDC to become a key part of a larger partnership with access to all the global resources CVC brings to take PDC to the next level.  We wish our good friends continued success.”

Closing of the transaction is subject to approval by the relevant competition authorities and is expected in June 2017.

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