Lower-middle-market private equity firm Topspin Partners LP, through its Topspin Partners II LP fund, signed a definitive agreement to sell J&D Brush Co. Inc. to Goody Products Inc.
Doing business as JD Beauty, J&D Brush is a New York-based maker of professional beauty products. It was acquired by Topspin, which invests in the consumer sector, in 2015.
Goody is a hair accessories and styling tools manufacturer acquired by middle-market investor ACON Investments LLC in August 2018.
Intrepid Investment Bankers was the exclusive financial adviser to JD Beauty, and Lowenstein Sandler LLP was its legal adviser.