The Riverside Company and Norgate Holdings have reportedly signed a definitive agreement with Dermstore owner THG to sell beauty manufacturer Bentley Laboratories, according to Private Equity Wire. The transaction is expected to close within 30 days.
Previously: Seppic Acquires EPI France
Guggenheim Securities, LLC is reportedly acting as exclusive financial adviser to Bentley on the sale.
THG recently reported a 41.5% year-over-year revenue increase amid its e-commerce expansion.