Tangle Teezer has been acquired by BIC
Arrowpoint Advisory’s Consumer, Retail and Leisure sector team has advised BIC, a global leader in stationery, lighters and shavers, on its acquisition of Tangle Teezer, a pioneering and fast-growing haircare company for a total consideration of approximately €200m.
Launched in 2007 as the world’s first expertly designed detangling tool, London-headquartered Tangle Teezer designs a unique patented range of brushes, allowing consumers to detangle hair while limiting damage. It has become an internationally recognised brand with an established position in Europe and North America, making it the market leader in the UK and a growing player in the US.
This acquisition supports BIC’s Horizon strategy by gaining exposure to a scaled, fast-growing and profitable business with meaningful upside potential. BIC will build on its outstanding capabilities in creating and distributing high-quality, value-for-money products to unlock significant synergies and accelerate Tangle Teezer’s next phase of growth. As part of BIC, Tangle Teezer is well-placed to reach further scale and gain market-leading positions in BIC’s key regions.
Tangle Teezer’s products, combined with BIC’s unique commercial and supply chain capabilities, will continue to drive long-term growth and deliver accretive margins to the Group.
James Vowles, CEO of Tangle Teezer, said: “In considering potential partners for the next stage of Tangle Teezer’s growth journey, BIC stood out. With a shared set of values and vision, BIC has built an impressive global business of brands through understanding consumers’ needs and developing safe, affordable products that are easy and simple to use. It is an exciting time for the Tangle Teezer brand, now as a part of global BIC, and I look forward to further innovation and growth for the brand and its consumers.
Michael Louis, Vice President (M&A) of BIC, commented: “Arrowpoint Advisory have proven to be invaluable advisors throughout the process to acquire Tangle Teezer, given their extensive experience across consumer products deals and relationships within the industry. The team has been instrumental in helping us navigate the deal dynamics to bring the acquisition to a successful outcome, and we look forward to continuing our relationship in the future.”
Jamie Hutton, Director at Arrowpoint Advisory, highlighted: “It was a pleasure working with Michael and his team at BIC. When we first introduced the opportunity to them, they were instantly impressed with Tangle Teezer’s unique, innovative brand positioning, but most excited about how BIC can add its significant strategic expertise to grow the business into a true global category killer – we are delighted to have helped them execute on this clear strategic vision and wish the team every success moving forwards.”
Simon Cope-Thompson, Managing Director at Arrowpoint Advisory, concluded: “Having first advised Shaun and the team on the sale of Tangle Teezer to Mayfair in 2021, we are delighted to have been part of this next phase of Tangle Teezer’s impressive journey. With a global platform of growing scale, the business is at an exciting point in its evolution and with BIC, they have an experienced and ambitious partner to lead them through the next phase of accelerated growth.”
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