Middle-market private equity firm Lee Equity Partners LLC bought Cosmetic Solutions Inc. for an undisclosed amount.
The Boca Raton, Fla.-based company provides outsourced services to skin care brands.
Founder and Chairman Mervyn Becker and CEO Warren Becker will remain at the helm of the company and will continue to hold a meaningful equity stake in the business.
The Sage Group was the exclusive financial adviser to Cosmetic Solutions.
Twin Brook was administrative agent on $90.5 million of debt financing for the transaction.