Pacific World Corp. in Aliso Viejo is up for sale, according to the Wall Street Journal.
The nail care and beauty products company has hired investment bank William Blair & Co. in Chicago to serve as its financial advisor. The bank was also involved in Pacific World’s 2011 acquisition of the W.E. Bassett Co. in Shelton, Ct., a deal estimated at $140 million.
Pacific World sells manicure products made under SensatioNail, Nailene and Fing’rs brands; Revlon false eyelashes and artificial nails; manicure and pedicure tools and tweezers by Trim and Gem brands; Mycocide antifungal treatment; and Bio Oil skincare. Its product lineup is sold at more than 86,000 drug and mass retailers worldwide, such as Target, Walmart, Walgreens, CVS and Rite Aid.
Levine Leichtman Capital Partners, a private equity firm in Beverly Hills, acquired Pacific World in 2009. The company “generates roughly $25 million in annual earnings before interest, taxes, depreciation and amortization,” according to the Journal, which quoted sources close to the matter.