Cornell Capital-Backed KDC/ONE to Merge with HCT Group
December 17, 2019
KDC/ONE, a Cornell Capital-backed custom formulator and manufacturer, entered into a definitive agreement to combine with HCT Group to create an integrated global provider of manufacturing and packaging solutions for the beauty and personal care industry. The transaction brings together complementary capabilities in formulation, design, manufacturing, filling and logistics, with existing ownership (Cornell Capital, CDPQ, Investissement Québec, HarbourVest) reinvesting alongside HCT management; specific financial terms were not disclosed.
- Buyers
- KDC/ONE, Cornell Capital LLC, Caisse de dépôt et placement du Québec (CDPQ), Investissement Québec, HarbourVest Partners, LLC
- Targets
- HCT Group
- Platforms
- KDC/ONE
- Industry
- Manufacturing
- Location
- California, United States
- Transaction Type
- Addon
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