CITIC Capital buys Axilone

CITIC Capital Holdings Ltd said Jan. 11 that it closed its buy of Axilone from Oaktree Capital Management LP. Financial terms weren’t announced. The deal was announced in November. Axilone, of Paris, provides primary plastic and metal packaging solutions for the premium lipstick, fragrance, and skincare sectors.

PRESS RELEASE

(Hong Kong, 11 January 2018) CITIC Capital China Partners III, L.P., a buyout fund managed by the private equity arm of CITIC Capital Holdings Limited (“CITIC Capital”), is pleased to announce it has completed the acquisition of Axilone from Oaktree Capital Management, L.P. on 10 January 2018.

Headquartered in Paris, Axilone is a global leading provider of primary plastic and metal packaging solutions for premium lipstick, fragrance, and skincare sectors. Axilone serves leading beauty and personal care companies around the globe, and has subsidiaries in France, Spain, U.S. and China. It also has manufacturing facilities in France, Spain and China. Axilone has enjoyed robust growth during the past few years and established itself as a leading player especially in the premium lipstick space.

Hanxi ZHAO, Senior Managing Director of CITIC Capital, commented: “We see remarkable growth potential and in the premium beauty care packaging sector, as global beauty players try to compete to communicate their brands and differentiate themselves from their peers. Axilone enjoys an absolute leadership in the premium lipstick packaging, as well as other skincare and perfume packaging. It owns the best-in-class facilities across the globe and has strong technical know-how, enabling it to provide world-class quality and service to our customers. We look forward to working with the excellent management team of Axilone to capture the next wave of growth globally.”

Laurent CHEVALLIER, CEO of Axilone, said: “Axilone has a very strong foundation. The whole management is very excited and committed to work with CITIC Capital, and we are confident that through continued geographic expansion and product category expansion in the next few years, we can take the success to the next level. “

About Axilone Axilone designs and manufactures premium plastic and metal packaging for leading global cosmetics, perfume and beauty care brands and customers. Headquartered in Paris, the Company was founded in 1971 and has over 2,000 employees in France, Spain, U.S. and China.

About CITIC Capital

Founded in 2002, CITIC Capital Holdings Limited is an alternative investment management and advisory company. The firm manages over USD22 billion of capital across 100 funds and investment products. The firm manages investments through its multiple asset class platform covering private equity, real estate, structured investment & finance, and asset management. CITIC Capital has over 130 portfolio companies that span 11 sectors and employ over 820,000 people around the world. CITIC Capital’s private equity arm, CITIC Capital Partners, focused on control buyout opportunities globally, has completed over 50 investments in the past years in China, Japan, U.S. and Europe. The private equity arm currently manages USD4.7 billion of committed capital. For more information, please visit www.citiccapital.com