Beauty Mergers and Acquisitions See Signs of Rejuvenation

For the past several months, consumers have been in a constant state of adjustment when it comes to their beauty, health, and wellness routines as lockdown-induced habits set in and face masks became key fashion accessories. Dealmakers throughout the industry have had to adjust their playbooks in the pandemic as well. Travel bans and social-distancing requirements necessitated a shift from crowded conference rooms to video calls and virtual M&A processes. While COVID-19 continues to dominate the headlines, we are seeing many beauty, health, and wellness companies regain their footing after pandemic-induced disruptions. This is creating pockets of opportunity for well-positioned companies to revisit strategic discussions and map out their M&A plans, especially for companies with strong brands, digital and social prowess, and attractive financial profiles. Moreover, the broader backdrop is now more favorable, as we have seen the lending market show signs of resurgence and public equities rebound. As we head into the final weeks of the summer, M&A activity is heating up as companies look to test the market amid improving sentiment. This growing momentum comes on the heels of a steady climb in global transaction activity from April’s pandemic-induced lows. For all deals ranging from $150 million to $5

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