Steiner Leisure Limited has been acquired by private equity firm Catterton, the leading consumer-focused private equity firm; under the terms of the agreement, Catterton has acquired Steiner Liesure's outstanding shares and for about $925 million, including the assumption of debt.
Catterton's holdings already included Intercos Group and StriVectin. Steiner Liesure's brands include Elemis, Bliss and Ideal Image.
Further reading: More and More, Beauty Synonymous With Wellness
"Together with Catterton, we will be well positioned to advance our leadership in beauty, wellness and education," said Leonard Fluxman, president and CEO of Steiner Leisure. "Steiner Leisure is poised to capitalize on the many opportunities ahead and we look forward to benefiting from the knowledge and experience of the Catterton team as we work to continue the Company's positive momentum."