San Francisco-based middle market private equity firm Gryphon Investors (Gryphon) has acquired RoC Skincare from Johnson & Johnson Consumer Inc.
Gryphon executive advisors Steve LaMonte and Michelle Taylor will serve as advisors to Roc; Lamonte will act as executive chairman, and Taylor and other individuals from Gryphon will join RoC’s board of directors. Additionally, LaMonte and Taylor will focus on recruiting the go-forward senior management team which will lead RoC under Gryphon’s ownership.
“RoC has a rich history of skincare solutions innovation stemming from its French pharmacy roots,” said Matt Farron, principal, Gryphon. “As the first brand to stabilize retinol, which is one of the top U.S. dermatologist-recommended cosmetic ingredients for improving the appearance of aging skin, RoC continues to be one of the largest brands solely focused on anti-aging skincare products. By leveraging the brand’s French pharmacy heritage and track record of clinically proven innovation, we see numerous opportunities to expand RoC’s product offering to establish it as a brand with complete skincare solutions leading to increased market share.”
Related: Gryphon Enters Beauty Sector with Milani Cosmetics Deal
