Creative Labs Joins Forces with Gemspring Capital for Accelerated Growth
Deal News | Feb 10, 2025 | Gemspring Capital
Gemspring Capital Management, LLC has announced the acquisition of Creative Labs and United Hair Care, in collaboration with their CEO, Brett Simmons. Creative Labs, a prominent player in the haircare and skincare industry, operates a diverse range of brands across various sales channels such as retail, online platforms, and hair salons. The firm is known for its vertically integrated operations covering stages from research and development to marketing. Brett Simmons sees this partnership as a critical step in fulfilling their long-term vision, leveraging Gemspring’s expertise for business growth and innovation. Gemspring's Kristin Steen expressed enthusiasm about the potential growth and success stemming from this partnership. Advisory roles in the transaction were filled by Intrepid Investment Bankers and McDermott Will & Emery.
Sectors
- Private Equity
- Beauty and Personal Care Products
- Contract Manufacturing
Geography
- United States – Both Gemspring Capital and Creative Labs are based in the United States, covering states like Connecticut and Minnesota, providing a U.S. context to this transaction.
- Minnesota – Creative Labs is headquartered in Eagan, Minnesota, highlighting its geographical significance in the overall business operation.
- Connecticut – Gemspring Capital is headquartered in Westport, Connecticut, underlining its geographical relevance in the acquisition process.
Industry
- Private Equity – Gemspring Capital's involvement as a middle-market private equity firm acquiring Creative Labs highlights the role of investment firms in expanding and scaling businesses.
- Beauty and Personal Care Products – Creative Labs is involved in manufacturing and developing haircare and skincare products, making this sector highly relevant to the discussed acquisition.
- Contract Manufacturing – The article mentions Creative Labs' services in manufacturing for third-party brands, indicating their role in the contract manufacturing sector.
Financials
- Not disclosed – The financial terms of the transaction between Gemspring Capital and Creative Labs were not publicly disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Gemspring Capital Management, LLC | Acquirer | Company | A middle-market private equity firm focused on partnering with and growing businesses. |
| Creative Labs | Target | Company | A manufacturer and developer of branded and contract-manufactured haircare and skincare products. |
| United Hair Care | Target | Company | Part of the Creative Labs acquisition. |
| Brett Simmons | CEO | Person | CEO of Creative Labs, involved in the strategic partnership with Gemspring. |
| Kristin Steen | Managing Director | Person | Managing Director at Gemspring Capital, involved in the transaction. |
| Intrepid Investment Bankers, LLC | Financial Advisor | Company | Served as financial advisor to Gemspring on the transaction. |
| McDermott Will & Emery, LLP | Legal Advisor | Company | Provided legal advisory services to Gemspring during the acquisition. |