Avrio Sells Biopharmacopae’s Cosmetics Portfolio to PE-Backed Unipex

Lucas Meyer Cosmetics, a subsidiary of Québec City-based Unipex Group, is buying the portfolio of cosmetic ingredients and related IP rights of Biopharmacopae Design International from the company’s Canadian venture backer, Avrio Capital. The acquisition price was not disclosed. Unipex, which specializes in active ingredients, specialty chemicals and other chemical products, has been owned by European private equity firm IK Investment Partners since 2012. Québec City’s Biopharmacopae has been backed by Avrio since 2008.


Lucas Meyer Cosmetics Acquires Biopharmacopae Design International’s Portfolio of Cosmetic Ingredients from Avrio Ventures Limited Partnership

This acquisition consolidates Lucas Meyer Cosmetics’ position in the botanical segment.

Quebec, QC, July 17, 2013 – Lucas Meyer Cosmetics, a wholly owned subsidiary of Unipex Group, and leader in the field of innovative active ingredients, functional ingredients and delivery systems for the cosmetics industry, is acquiring the portfolio of cosmetic ingredients and related intellectual property rights of Biopharmacopae Design International from Avrio Ventures L.P. Located in Québec City, Biopharmacopea Design International is specialized in the research and development of new cosmetic active ingredients and products derived from plant extracts.

Lucas Meyer Cosmetics and Biopharmacopae Design International have been working together since 2010 developing sophisticated botanical cosmetic active ingredients. With this acquisition, Lucas Meyer Cosmetics now owns Biophamacopae Design International’s intellectual property on cosmetic active ingredients that are already on the market and gains access to an important pipeline of unique botanical active ingredients. This acquisition is in line with Lucas Meyer Cosmetics’s growth strategy as it demonstrates the drive to growth its proprietary products.

“This new acquisition consolidates our position and expertise in the field of natural ingredients. We want to thank our partner Biopharmacopae Design International for its collaboration and contribution to developing high value-added ingredients, which have proven to be beneficial for Lucas Meyer Cosmetics and for the expansion of cosmetic expertise in the Quebec region.” said Antonio Lara, Vice-President and General Manager of Lucas Meyer Cosmetics.

This is the second acquisition in the botanical sector in 2013 for Lucas Meyer Cosmetics and confirms its position as a leader in the cosmetic and personal care industry, providing customers with unique, innovative, ethical and sustainable ingredients that offer outstanding consumer benefits.

About Lucas Meyer Cosmetics

Lucas Meyer Cosmetics is the business unit of Unipex Group that develops, manufactures and markets innovative ingredients for the cosmetics and personal care industry. We offer active ingredients, functional ingredients and delivery systems from a variety of sources. Our active ingredients are designed to maintain the body’s natural reactions, strengthen its defenses against environmental aggressions, delay the signs of aging and address other modern-day cosmetic challenges. Our functional ingredients deliver unique texture, skin feel and optimal product performance. Our phospholipid-based delivery systems provide flexible vectors to increase the efficacy and stability of active ingredients. Our wide product range is complemented by a broad array of scientific, technical, marketing, formulation and regulatory support services. The formulation laboratory has been designed to unlock the full potential of each ingredient. Lucas Meyer Cosmetics’ portfolio of ingredients is available worldwide through a network of distributors and professional agents in more than 50 countries in North America, Europe and Asia. The Lucas Meyer Cosmetics team is comprised of scientists and sales and marketing professionals located in Canada, France, Australia and the US. Also part of the Lucas Meyer Cosmetics family is IRIS, a subsidiary based in France specializing in cosmetovigilance and consumer testing. Additional information regarding Lucas Meyer Cosmetics is available on its website www.lucasmeyercosmetics.com.

About Unipex Group

Unipex Group is a privately held company specializing in the development, production, marketing and distribution of active ingredients, specialty chemicals and other chemical products in the cosmetics, pharmaceutical, nutrition and industrial sectors. It is also active in the areas of vigilance and consumer testing through its Iris division. Its distribution and marketing network serves more than 50 countries in North America, Europe and Asia. It counts seven offices across North America, Australia and Europe. Additional information regarding the Unipex Group is available on its website www.unipex.com

About Avrio Ventures L.P.

Avrio Ventures Limited Partnership is one of Canada’s leading venture capital funds focused on investing in commercialization to growth stage companies developing food and/or agricultural technologies that address global challenges in the area of health, wellness and sustainability. www.avriocapital.com

Isabelle Lacasse, Marketing Director

Lucas Meyer Cosmetics Ingredients

Place de la Cité – Tour de la Cité, 2600 boul. Laurier,Suite 900

Quebec City,Quebec G1V 4W2, Canada

Telephone: 418-653-6888; isabelle.lacasse@lucasmeyercosmetics.com

Denis Boyer, Avrio Ventures Limited Partnership

Email: Dboyer@avriocapital.com; Telephone: 819-472-1818

Photo courtesy of Shutterstock.