Revlon (NYSE: REV) is buying The Colomer Group, a beauty care company owned by CVC Capital Partners, for a cash purchase price of $660 million. Revlon expects to finance the deal using funds underwritten by Citigroup Global Markets. TCG markets and sells professional beauty products to salons and other professional channels through several brands. About half of its sales are in Europe, the Middle East and Africa and another 40% are in the U.S. It's been a CVC portfolio company since 2000.