Information on the Target
Tene Capital has successfully sold its stake in Sharon Personal Care (SPC), a prominent division of Sharon Laboratories Group focused on cosmetics, to Eternis Fine Chemicals, Ltd. Established in 1977, Sharon Laboratories Group specializes in developing, producing, and marketing ingredients across the food, baking, and cosmetics industries. The cosmetics division was launched in 1992 and has evolved to become a leader in crafting preservation systems for cosmetic formulations.
Under Tene's stewardship, which began with a significant investment in 2017 where they acquired around 60% of the Group for approximately $40 million, SPC transitioned towards pioneering preservation technologies emphasizing natural and
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Eternis Fine Chemicals, Ltd.
invested in
Sharon Personal Care
in 2024
in a Management Buyout (MBO) deal
Disclosed details
Revenue: $250M
Equity Value: $40M
Multiples
P/Revenue: 0.2x