Medical aesthetic products. L Catterton and other investors complete sale of Intercos stake

THE WHAT? L Catterton and Ontario Teachers’ Pension Plan (OTPP) have announced that they have closed the sale of an approximately 5.7 percent stake in Intercos, priced at €13.25 per share, according to a report published by Reuters.

THE DETAILS The price is 6.8 percent below the closing value of €14.15 per share at the time the deal was struck last Tuesday. Shares in Intercos fell 6 percent to €13.30 in the aftermath of the deal. L Catterton now holds 13.3 percent in the Italian cosmetics firm while OTPP’s stake now stands at 10 percent.

THE WHY? L Catterton announced a strategic partnership with Intercos back in 2014, acquiring a ‘significant minority stake’ as part of the deal, while OTPP teamed up with the Italian cosmetics maker in 2017. While a reason for the sale was not given, gross proceeds totalled €73 million, which presumably will be invested elsewhere.

Medical aesthetic products refer to a category of products used in the field of medical aesthetics, which combines medical practices with cosmetic procedures to improve the appearance of individuals. These products are typically used under the supervision of trained medical professionals such as dermatologists, plastic surgeons, or specialized nurses. They are distinct from over-the-counter cosmetics in that they often contain higher concentrations of active ingredients or require medical expertise for their application.

Examples of medical aesthetic products include:

• Dermal Fillers: Injectable substances used to restore volume, fill wrinkles, and enhance facial contours. These may include hyaluronic acid fillers like Juvederm or collagen-stimulating fillers like Sculptra.

• Botulinum Toxin (Botox): Injectable neurotoxins used to temporarily paralyze facial muscles, reducing the appearance of wrinkles and fine lines caused by facial expressions.

• Chemical Peels: Solutions containing chemical exfoliants like glycolic acid, salicylic acid, or trichloroacetic acid, used to improve skin texture, treat acne scars, and reduce hyperpigmentation.

• Laser and Light Devices: Equipment used for various skin treatments, including hair removal, skin resurfacing, tattoo removal, and treatment of vascular and pigmented lesions.

• Prescription Skincare Products: Formulations containing active ingredients such as retinoids (e.g., tretinoin), hydroquinone, or prescription-strength antioxidants, designed to address specific dermatological concerns under medical supervision.

• Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production and improve skin texture and elasticity.

• Cosmeceuticals: High-quality skincare products that bridge the gap between cosmetics and pharmaceuticals, often containing biologically active ingredients with proven efficacy.