Bridgepoint, a UK listed investment company, has recently made a significant move in the beauty industry by acquiring Roc Skincare, a renowned anti-aging beauty brand known for its retinol products. While the exact details of the sale were not disclosed, Reuters reported the acquisition to be valued at $500 million.
Roc Skincare, founded in 1957 by French pharmacist Dr. Jean-Charles Lissarrague, has a remarkable legacy of over 65 years in the dermo-cosmetic world. Driven by the belief that skincare should be proactive, positive, and enjoyable, Roc has been a pioneer in the industry, introducing several groundbreaking innovations. They were the first to develop hypoallergenic skincare products, the first to offer broad-spectrum UV protection, and the first to introduce stabilized Retinol products.
Bridgepoint, the investment company, with 39.5 billion euros in assets under management, expressed its confidence in the acquisition through a statement. The investment company has previously made similar moves, including the purchase of French cosmetics company Vivacy in 2022. This acquisition further diversifies Bridgepoint’s portfolio, as Roc Skincare becomes its second beauty brand, following the acquisition of Milani Cosmetics in 2018.
Fernando Acosta, CEO of Roc Skincare, expressed optimism about the acquisition, highlighting Bridgepoint’s expertise in the dermatology sector and strong European presence. Acosta believes that these advantages will enable Roc to seize the promising growth opportunities that lie ahead. He also expressed gratitude to the Roc team and Gryphon Investors, the California-based private equity firm that acquired Roc in 2019, for their support in transforming the brand into one of the largest independent skincare brands globally.
Fabrice Turcq, Partner at Bridgepoint, commended Roc Skincare’s achievements under Fernando’s leadership. Turcq emphasized Roc’s unique and clinically proven products for aging skin conditions, considering them highly appealing to customers and offering significant growth potential. With Bridgepoint’s support, Roc aims to accelerate growth in Europe and beyond, enhance its online presence, and expand its product offerings.
The transaction is expected to be finalized in February, marking a new chapter for Roc Skincare under Bridgepoint’s ownership.
