Carl Marks Advisors acted as exclusive financial advisor and investment banker to Sun & Skin Care Research, LLC, maker of the Bull Frog, NO-AD, and Ocean Potion sun care brands, in the sale of certain of its assets (including such brands) to SolSkyn Personal Care LLC. Sun & Skin Care Research is an independent sun care company that markets its three brands through food, drug, mass, and specialty retailers throughout the United States as well as internationally.
In May, 2015, Carl Marks Advisors was engaged to help the company explore strategic alternatives that would support continued growth and maximize value for the company’s stakeholders.
“We are very pleased to have brought the sale of Sun & Skin Care Research to a successful conclusion, leveraging our proven expertise and track record of bringing innovative solutions to complex transactions,” said Warren H. Feder, Partner at Carl Marks Advisors. “By employing a quick, yet comprehensive process coupled with a creative financial structure, we were able to attract highly competitive buyer interest.”
“It has been a great experience working with Carl Marks Advisors’ team,” said Gregg F. Stewart, of Rinnovo Management, LLC who served as CRO of Sun & Skin Care Research, “They have been an invaluable asset in guiding the sale process and avoiding excess costs and delays, which could have diminished the value of our brands. Without their help and experience, the result would have been very different.
Berger Singerman acted as legal counsel to Sun & Skin Care Research and K&L Gates provided legal representation to the lenders.
Carl Marks Advisory Group, a New York-based consulting and investment banking advisory firm serving middle-market companies, provides an array of investment banking and operational services, including mergers and acquisitions advice, sourcing of capital, financial restructuring plans, strategic business assessments, improvement plans and interim management.
The award-winning firm received the 2015 ACG New York Champion's Award for Deal of the Year in Manufacturing; was included in the Global M&A Network 2014 annual listing of the Top 100 Restructuring and Turnaround Professionals and Turnarounds & Workouts 2014 Outstanding Investment Banking Firms; received the 2013 & 2014 Turnaround Atlas Awards' Middle Market Restructuring Investment Banker of the Year; 2013 M&A Advisor's Sector Financing Deal of the Year (Real Estate); the 2013 Turnaround Atlas Awards' Healthcare Services Turnaround of the Year and Mid Markets Restructuring Investment Bank of the Year.