Enaltus LLC, a portfolio company of HealthEdge Investment Partners, has sold ScarAway to Perrigo Company plc. ScarAway provides scar management solutions including gels, serum and long and short fabric-backed silicone sheets. Intrepid Investment Bankers advised Enaltus in the sale.
LOS ANGELES–(BUSINESS WIRE)–Intrepid Investment Bankers, a leading middle-market investment bank, today announced the acquisition of ScarAway®, a leading U.S. over-the-counter (OTC) scar management brand, from its client Enaltus, LLC by Perrigo Company plc (NYSE: PRGO). Enaltus is a portfolio company of HealthEdge Investment Partners.
“Intrepid understood the value drivers and brand value of the ScarAway® brand from the outset. They ran a terrific process, resulting in the right acquiror for ScarAway® and a great result for Enaltus and HealthEdge,” said Jeff Thompson, CEO of Enaltus and Partner at HealthEdge.
“We were impressed with the brand’s market leadership position, strong physician support network, and multi-channel presence—and we knew ScarAway® would generate a great deal of interest,” added Steve Davis, Managing Director and Head of the Beauty & Personal Care practice at Intrepid. “We were excited to represent a quality consumer OTC brand such as ScarAway® and enjoyed the opportunity to work with both the Enaltus and HealthEdge teams. We look forward to seeing the future growth of the brand under Perrigo’s ownership.”
ScarAway® is a market leader in the scar management category in the OTC consumer channel. It is the fastest growing brand in the category and is currently the No. 1 100% silicone scar treatment brand and the No. 2 brand in the overall consumer scar category in the U.S. ScarAway® provides a complete range of scar management solutions including: gels, serum and long and short fabric-backed silicone sheets. ScarAway® has distribution across all the leading retailers in the drug, mass, food, specialty and ecommerce channels with a presence in more than 35,000 doors in the U.S.
Intrepid is one of the most active mergers and acquisitions advisors in the Beauty & Personal Care sector. Our practice has a deep understanding of trends and value-drivers across the sector, ongoing dialogue with the acquiror and investor universe, and a proven track record helping clients sell to global strategic acquirors and value-added private equity groups.
To learn more about this transaction and Intrepid’s Beauty & Personal Care practice, contact Steve Davis, Managing Director and Head of Beauty & Personal Care, at 310-478-9000.
Intrepid Investment Bankers is a specialty investment bank that provides M&A, capital raising and strategic advisoryservices to middle-market companies across various industry sectors. We have a unique culture rooted in our founders’ successful 30-year history of advising entrepreneur and family-owned businesses, financial sponsors and major corporations. We believe that every company has an entrepreneurial passion that drives it and a story that defines it.We deliver unconventional results through our unique ability to tell each client’s story, and drive relentless execution through senior banker immersion in each process. We augment our international capabilities through our membership and active participation in M&A International Inc., an exclusive global alliance of select independent middle-market M&A advisory firms. Member FINRA/SIPC. Follow INTREPID