Deals
CVC-Backed Maker of Bod Man, Cantu Products Plans IPO
- PDC Brands bought last year by PE firm CVC for $1.4 billion
- Beauty company’s products include Dr. Teal’s epsom salts
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PDC Brands, the beauty and personal care products company backed by CVC Capital Partners, is preparing for a U.S. initial public offering, people familiar with the matter said.
Just 14 months after the private equity firm agreed to buy the company, PDC Brands is working with advisers to prepare for a listing in 2019, said the people, who asked not to be identified because the matter is private. The size and precise timing of the listing hasn’t been decided, the people said.