LOS ANGELES, CA / ACCESSWIRE / April 7, 2021 / Intrepid introduced at the moment it should function an unique monetary advisor to Obagi Cosmeceuticals, LLC (Obagi) on its recapitalization and development financing. The financing facility was supplied by the Private Credit Group of TCW Asset Management Company LLC (TCW), a number one personal credit score lender with over $5 billion of capital beneath administration that specializes in offering senior-secured loans to U.S.-based center market debtors. Obagi raised $150 million in senior secured credit score amenities to refinance current debt and present capital for development throughout its home and worldwide channels.Obagi is a women-led unbiased world skincare firm devoted to offering superior, clinically-proven skincare therapies for all pores and skin sorts. The firm gives greater than 100 Obagi Medical® merchandise to brighten, nourish, defend, and improve pores and skin tone and texture by way of an intensive community of distributors, companions, doctor workplaces, and spas all over the world, in addition to its newly launched direct-to-consumer (DTC) platform at Obagi.com. Obagi additionally gives dermatologist-tested, technologically superior formulation by way of its Obagi Clinical™ line, accessible to shoppers by way of Sephora.”We had been drawn to TCW due to their growth-oriented mindset and strategy,” remarked Jaime Castle, President and CEO of Obagi. “We have an unbelievable market alternative with our not too long ago launched Website and DTC technique, retail partnerships in the U.S., and development in key worldwide markets, and we sit up for the capital and assist of the TCW group. Intrepid did an exceptional job managing the transaction course of and negotiating a deal that units Obagi up for fulfillment. Their group understood place our firm’s huge alternative to safe a financing construction that far exceeded our expectations.””Obagi is run by a world-class administration group with unmatched experience in this section,” commented Jonathan Zucker, Managing Director and Head of the Capital Markets Group at Intrepid. “With the extra assets that this partnership with TCW brings, Obagi is well-positioned to speed up the execution of its strategic development plan. We had been honored to characterize Jaime and the Obagi group in this vital transaction for Intrepid’s Capital Markets and Beauty & Personal Care practices.”Story continuesWith a 30-year legacy and dedication to variety and inclusion in all elements of its business-from its company tradition to product development-Obagi has pioneered numerous skincare advances, together with being the primary skincare model to design its scientific analysis protecting all six pores and skin sorts throughout the Fitzpatrick pores and skin spectrum. The firm’s SKINCLUSION initiative, launched in 2019 with ambassador Priyanka Chopra Jonas, was designed to “elevate the worldwide dialogue about variety and how we are able to all make acutely aware decisions to see the sweetness in all of our variations.”Deal Team ContactsJonathan Zucker, Managing Director and Head of Capital MarketsKevin Striepe, Vice PresidentLauren Antion, Vice PresidentJoseph Wisniewski, AssociateMedia ContactAndreea Popa, Director, Marketing & CommunicationsAbout Intrepid’s Capital Markets GroupFor greater than 35 years, our principals have suggested purchasers in capital transactions, leveraging their institutional investor relationships and experience in managing aggressive processes. Our group is dedicated to serving to purchasers meet their capital wants by way of numerous buildings that embrace fairness, senior, structured and mezzanine debt.About Intrepid’s Beauty & Personal Care ObserveIntrepid gives devoted merger and acquisition advisory and capital elevating providers to the Beauty & Personal Care business. By focusing completely on magnificence care firms, our business bankers have a deep understanding of developments and value-drivers throughout the sector and preserve ongoing dialogue with the acquirer and investor universe. Our Beauty & Personal Care observe has a confirmed monitor file of serving to purchasers promote to world strategic acquirers and value-added personal fairness teams throughout the sweetness and private care panorama.Investment banking providers provided by Intrepid Investment Bankers LLC, a subsidiary of MUFG Union Bank. Member FINRA/SIPC.SOURCE: Intrepid Investment BankersView supply model on accesswire.com: https://www.accesswire.com/639342/Intrepid-Advises-Pioneer-in-Professional-Skincare-Obagi-Cosmeceuticals-on-its-Recapitalization-and-Growth-Financing-with-The-TCW-Group
