Los Angeles, CA – Cosmetic Design Group (“CDG” or the “Company”) has received a growth capital investment from Five Crowns Capital, LLC (“Five Crowns” or “FCC”) and Corbel Structured Equity Partners, L.P. (“Corbel”). FocalPoint acted as exclusive Financial Advisor to CDG.
CDG, headquartered in Culver City, CA, is a leading designer and supplier of both branded and private label beauty products offering a diverse range of nail and cosmetic products. The Company specializes in providing full turnkey solutions and furnishing a one-stop design and sourcing service for national brands and its retail customers.
Maurice Rasgon, CDG’s Founder, commented, “We are extremely pleased with the results of this process. Our goal was to first undergo a transaction with minimal impact to our customers and employees and, second, secure a source of growth capital with insightful partners that understand our business model to assist in realizing our exciting new expansion initiatives. We are delighted that FocalPoint was able to accomplish both.”
Jeffrey Schaffer, Founder and Managing Partner of Five Crowns, said, “We look forward to working with CDG and providing the operational support required to allow Mr. Rasgon to accelerate the Company’s growth through his meaningful supplier and customer relationships.”
Regarding the transaction, Nishen Radia, Managing Partner at FocalPoint, said “This transaction represents another closing for FocalPoint’s Personal Care practice. We were able to find in Five Crowns a partner with both expertise in the Personal Care and Cosmetics space and a complementary vision for the Company that will strategically and financially support its future success. We wish the CDG team the best for the future.”
FocalPoint is an independent investment bank, specializing in mergers and acquisitions, private placements (both debt and equity), financial restructurings and special situation transactions. With offices in Los Angeles and Chicago, the firm serves middle-market clients throughout the U.S. and has a dedicated consumer products team with a sub-specialty in Personal Care and Cosmetics. Since its inception in 2002, FocalPoint has completed approximately $4 billion in transactions. For more information on FocalPoint Partners, visit focalpointllc.com