CVC Capital Partners has agreed to acquire beauty care company PDC Brands from Yellow Wood Partners. The deal comes shortly after CVC closed its seventh fund. The PE firm is making the acquisition out of Fund VI.
PDC is a Stamford, Connecticut-based seller of bath, hair and cosmetic products. The company owns the Dr Teal's, Cantu, Elegant Touch and Salonsyetm brands that are sold in over 100 thousand retailers in more than 60 countries. Yellow Wood invested in the target in 2014.