Swander Pace Buys gloProfessional from North Castle
April 3, 2013
Swander Pace Capital, a lower middle-market private equity firm, has acquired Caleel + Hayden Holdings (dba gloProfessional) from North Castle Partners. NXT Capital provided $36 million in senior secured financing to help fund the acquisition. gloProfessional develops and markets mineral-based cosmetics, as well as skin and hair care products. Based in San Francisco and New Jersey, Swander Pace specializes in consumer companies, and this transaction marks the firm's seventh acquisition in the past twelve months.