Yellow Wood Partners has announced it is acquiring Elida Beauty from Unilever. The transaction is expected to be completed by mid-2024 upon completion of customary closing and regulatory approvals.
Yellow Wood's portfolio of consumer brands includes The Suave Brands Company, Dr. Scholl's and Scholl International and Beacon Wellness Brands.
Tad Yanagi, partner at Yellow Wood Partners, said, "We are excited to work with Unilever's Elida Beauty team on the carve out and lead these brands into their next phase of growth and expansion. Consumers around the world love these brands as they are an important part of their daily lives. We believe the Elida Beauty brands will flourish in the Yellow Wood operating model where our teams will work to build and enhance growth and accessibility of this new platform. Our prior relationship with the Unilever team helped us understand the potential of Elida Beauty."
Dana Schmaltz, Yellow Wood Partner, added, "We look forward to completing another successful transaction with Unilever to acquire these great consumer brands. Our partnership with Unilever continues to grow and we are excited to bring such fantastic brands as Q-tips, Caress, and VO5 among others into the Yellow Wood portfolio. Our team has become adept at leading complex corporate carve-outs and creating the critical functions required of an independent company to implement strategies to achieve long-term growth. This will be our fourth brand carve out from a major CPG company over the last four years, and we look forward to continuing our differentiated strategy to acquire other brands in the future."
