WestView Capital Partners has invested in DavexLabs LLC dba L’ANZA, a portfolio company of Caltius Equity Partners. CEO David Berglass participated in the transaction. Financial terms weren’t announced. Santa Monica, Calif.-based DavexLabs is a hair care company exclusively dedicated to the professional salon channel. The deal team at Intrepid Investment Bankers, which included Steve Davis, Adam Abramowitz and Shahriar Attaie, advised DavexLabs.
LOS ANGELES–(BUSINESS WIRE)–Intrepid Investment Bankers LLC, a leading middle market investment bank and one of the most active mergers and acquisitions advisors in the beauty care sector, announced its advisory role in the recent growth investment in DavexLabs LLC dba L’ANZA, a portfolio company of Caltius Equity Partners, by WestView Capital Partners in partnership with Chief Executive Officer, David Berglass. Intrepid initiated the transaction, assisted in the negotiations and served as exclusive financial advisor to DavexLabs.
Founded in 2002, DavexLabs is a leading independent hair care company exclusively dedicated to the professional salon channel. Under its L’ANZA brand, the Company develops and markets a complete line of high-performance premium salon hair care products incorporating proprietary formulations and advanced ingredient complexes designed specifically to heal, seal and protect the hair. The Company’s portfolio is comprised of salon retail products including shampoos, conditioners, hair sprays and styling products and a rapidly growing line of service-based products, including hair color and treatment systems.
“We selected Intrepid based on their deep experience in the beauty care industry and professional hair care sector. They truly understood the L’ANZA brand, our shareholder goals and the dynamic nature of our industry. I believe they found us the right partner to help accelerate the growth of L’ANZA,” said David Berglass, Chief Executive Officer of DavexLabs. “Intrepid provided a unique combination of beauty care industry expertise, hands-on guidance and strategic advice throughout the process, which helped us achieve a highly successful outcome,” added Garrick Ahn, Managing Director, Caltius Equity Partners.
“We were proud to be a part of the L’ANZA team and thank both Caltius and David Berglass for the opportunity. Beauty Care is a core sector for Intrepid and we are pleased to play a role in the further development of a high growth beauty care brand such as L’ANZA. We will watch with great enthusiasm as David Berglass and WestView continue to rapidly expand the L’ANZA brand,” said Steve Davis, Managing Director and Head of the Beauty Care Practice, Intrepid Investment Bankers.
The Intrepid deal team included Steve Davis, Adam Abramowitz and Shahriar Attaie.
About Intrepid Investment Bankers LLC
Intrepid Investment Bankers LLC, based in Los Angeles, California, is a mergers and acquisitions and corporate finance advisory firm focused on the middle market. Intrepid was founded in 2010 by the former principals of Barrington Associates, a firm that grew to become a leading national middle market M&A advisor before its acquisition by Wells Fargo in 2006. Intrepid’s services include M&A advisory, equity and debt capital raising and providing strategic advice in complex securities transactions. The firm’s clients include entrepreneur and family-owned businesses, private equity sponsors and major corporations. Collectively, the senior banker team at Intrepid brings over 150 years of mergers and acquisitions advisory experience and has advised on over 350 transactions spanning a broad range of industries, including consumer products and services, industrial manufacturing, healthcare products and services, building products, business services and retail. Intrepid Investment Bankers LLC augments its international capabilities by partnering with M&A International Inc., an exclusive global alliance of independent middle market mergers and acquisitions advisory firms. www.intrepidib.com