Sally Beauty Holdings

Sally Beauty Holdings

International specialty retailer and distributor of professional beauty supplies

Investment: 2006

Sally Beauty Holdings, Inc. (NYSE: SBH), carved-out by CD&R as part of a restructuring of Alberto-Culver Company, is an international specialty retailer and distributor of professional beauty supplies. The Company operates primarily through two business units, Sally Beauty Supply and Beauty Systems Group, and is the largest distributor of professional beauty supplies in the U.S. based on store count. CD&R exited the Sally Beauty investment in four underwritten offerings (October 2011, February 2012, May 2012, July 2012), and a share repurchase by Sally in May 2012. Under CD&R’s ownership, revenues and EBITDA increased 49% and 101%, respectively, while margins expanded 430 basis points.
www.sallybeautyholdings.com