Just weeks after Ardian acquired two companies, the Paris private equity firm agreed to buy ADA Cosmetics International GmbH from the Carlyle Group LP (Nasdaq: CG). Washington, D.C.-based Carlyle took over ADA, a German maker of high-end hotel amenities, such as body care and spa products, in April 2011. Terms of the deal were not disclosed. 

ADA, a German manufacturer of high-end hotel amenities, such as body care and spa products, had been put up for sale by Carlyle Group LP (Nasdaq: CG). The Washington, D.C. seller had originally taken over ADA in April 2011.

This is the eighth investment from Ardian’s Expansion Fund III, which closed in March 2014 at €500 million.  So far, the firm has tapped into the fund to invest in a variety of companies, including German snack company Frostkone, French environmental data company CLS Group, Erstein, France-based pharmaceutical group Synerlab and Lille, France-based communications company Micropross.

Ardian, formerly Axa Private Equity, was founded in 1996 by CEO Dominique Senequier, who currently serves as vice president of the supervisory board of luxury brand Hermes International. The firm has offices in New York, London, Zurich and other cities. In April, the financial sponsor raised a $10 billion fund of funds, comprised of $9 billion from Ardian's sixth generation secondary platform, ASF VI—considered the largest secondaries fund ever raised globally.

Manufacturing industry