MAV Beauty Brands, a well-known global personal care company, is set to undergo a major change as it is acquired by private equity firm Nexus Capital Management LP. With its portfolio of popular brands like Marc Anthony, Renpure, Cake Beauty, and The Mane Choice, MAV Beauty Brands has gained a strong presence in the market, selling its hair care, body care, and beauty products in over 25 countries and major retailers worldwide.

The acquisition has received approval from the Ontario Superior Court of Justice and is expected to be finalized by December 8, 2023. MAV Beauty Brands has recently initiated voluntary proceedings under the Companies’ Creditors Arrangement Act, and as part of the agreement with Nexus, the company has agreed to sell its assets at a price lower than its outstanding debt of US$121.7 million.

Nexus Capital Management, known for its investments in leading companies spanning various industries, sees immense potential in MAV Beauty Brands. The firm recognizes the strength of the company’s iconic brands, high-quality products, and loyal consumer base, cementing its belief that MAV Beauty Brands is a solid long-term investment. Nexus intends to revitalize the company’s growth and profitability through the implementation of a new capital structure and strategic plan. This will enable MAV Beauty Brands to channel resources into new product innovation and fortify its partnerships with retailers.

MAV Beauty Brands has assured its customers that everyday operations will continue seamlessly throughout the transition period. However, the trading of the company’s common shares on the Toronto Stock Exchange (TSX) has been suspended and will officially be delisted on December 21, 2023.

For MAV Beauty Brands, this acquisition is a significant milestone that paves the way for future growth and expansion under the management of Nexus Capital Management. Together, the two entities aim to explore new opportunities and achieve greater success in the personal care industry.

Useful links:
1. MAV Beauty Brands Official Website
2. Nexus Capital Management Official Website