Cession à LBO France et Andrea Surliuga

LBO France and a group of entrepreneurs acquire French skin care brand Payot
from Puig
Paris, September 29th, 2014 – LBO France, via its Hexagone III fund, today announced the
acquisition of an 80% stake in Payot, a French cosmetics and skin care laboratory, alongside a
new management team led by Andrea Surliuga, a successful Italian entrepreneur with 20+ years
experience in the professional products industry.
Payot was created in 1920 by dermatologist Nadia Payot who noted, upon meeting the ballerina
Anna Pavlova, how beneficial physical exercise was for appearance. She therefore developed an
innovative beauty philosophy based on skin care treatments.
Headquartered in Neuilly, France, Payot benefits from significant diversification in terms of skin
care product offering (imperfections, dryness, sensitivity, ageing, etc…) with over 200 skin care
references available to consumers and beauty professionals. The company became part of Spainbased Puig in 2001. In 2013, Payot boasted over 25 million euros in revenues, 70% of which came
from outside of France.
Andrea Surliuga is the former CEO and owner of Dibi Cosmetics, which was sold to a large
Italian cosmetics group in 2009. As an individual investor and entrepreneur, he is committed to
the long-term success of Payot.
Andrea Surliuga, new CEO of Payot, commented: “This is a major milestone in Payot’s development.
We are looking forward to working with LBO France on a number of key initiatives, notably in targeting
and hamonising future product lines, according to the unique concept of Beauty in Motion.”
Philippe Guérin, Director within Hexagone at LBO France, declared: “Present in over 50 countries,
Payot is truly a brand with an international vocation. Beyond strong financial backing, LBO France will
support Payot’s management in leveraging the potential of their unique niche positioning on a global
scale.”
Investment bank Michel Dyens & Co. acted as exclusive financial advisor to the buyers. Darrois
Villey Maillot Brochier Avocats acted as legal advisers to the buyers.
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About LBO France
LBO France, an independent private equity firm with €4bn under management, runs four non-listed strategies through
dedicated teams: (i) Mid Cap LBO White Knight funds, (ii) Small Cap LBO Hexagone funds, (iii) Real estate White
Stone and Lapillus funds and (iv) Credit opportunities Altercap funds. Responsible and independent, LBO France is
100% owned by its management in place since 1998 and boasts a team of 49 professionals.
With the Hexagone funds, LBO France invests as the majority shareholder in dynamic companies entering a new
phase in their development. LBO France provides the firms with the skills and financial needed to expand, whether by
organic growth, operational optimization or build-ups.
Hexagone focuses on companies whose enterprise value is less than 100 million euros. Since 2003 more than 25
acquisitions have been executed over three generations of funds.
www.lbofrance.com
Press Contacts
LBO France
Anne de Bonnefon – Tel : +33 (0)1 40 62 66 42 – [email protected]
Citigate Dewe Rogerson
Ari Levine – Tel: +33 (0)1 53 32 84 71 - Mob: +33 (0)6 98 49 22 27 - [email protected]
Aliénor Miens - Tel: +33 (0)1 53 32 84 77 - Mob: +33 (0)6 64 32 81 75 - [email protected]
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