Summit Partners explores $2bn sale of personal care brand Dr Squatch

Private equity firm Summit Partners is considering a sale of Los Angeles-based portfolio company and men’s grooming and personal care brand Dr Squatch at an expected value of more than $2bn, according to a report by Reuters.

 Summit Partners is working with investment banks Raymond James and Centerview Partners to gauge interest from potential buyers.

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Dr Squatch, which sells deodorant, hair care products, colognes, lotions and other personal care products through its website and stores including Walmart and Target. currently generates 12-month earnings before interest, taxes, depreciation and amortisation (EBITDA) of about $90 million and is growing rapidly, according to Reuters’s sources.

Source: Private Equity News

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