Personal Care Products

Published on: 05/12/2014

M&A activity in the personal care industry remains strong. Like most sectors, the industry experienced a decline in activity in 2013, as the impending capital gains tax rate increase artificially inflated the number of transactions in 2012 and, once implemented, contributed to a drop in 2013. Capstone’s research shows that the number of transactions in the industry reached 77 last year, representing a 23% decline. Combining 2012 and 2013 results in an average of 89 transactions per year, a healthy figure and more indicative of the market had it not been impacted by the timing of the tax change. Year‐to‐date numbers for 2014 indicate that M&A activity in the sector has resumed, and the number of transactions is currently on‐track to exceed the number of deals in 2012.

Key Contacts

David Bench

Managing Director

Tracy Patch

Director