Stage 1 Financial congratulates alumni client, Hero Cosmetics!
Church & Dwight Co is officially acquiring Hero Cosmetics for $630 million, with a combination of restricted stock and cash. Hero is the second largest acne brand in the US and the largest acne patch brand. This deal should be closing in the last quarter of 2022.
Initially engaging in 2019, Stage 1 Financial assisted Hero on their journey to becoming the powerhouse they are now. Headed by CFO Lila Sharifian, the Stage 1 Financial team not only improved and managed Hero’s accounting and finance infrastructure, but assisted in securing capital during the pandemic, launching a new ERP, and expanding wholesale distribution.
Hero Cosmetics has seen substantial market share growth during these past three years, with sales between June 2021 and June 2022 totaling around $115 million, putting Hero Cosmetics in the top 1% in terms of growth rate of the 600 brands Stage 1 Financial has partnered with in the past nine years.