Mergers & Acquisitions ·
Waldencast plc completed the sale of its Obagi Medical dermatological skincare and aesthetics business on July 30, 2026
WALDWWaldencast plc
Waldencast plc completed the sale of its Obagi Medical dermatological skincare and aesthetics business on July 30, 2026. Total consideration includes up to $366.0 million in cash, a fixed vendor note of $10.0 million, an adjustable vendor note of $20.0 million, and contingent earnout consideration of up to $64.0 million based on post-closing revenue milestones for 2026 and 2027. Waldencast utilized approximately $334.4 million in net proceeds to fully repay its outstanding senior term loan facility. Following the transaction, the company will operate as the parent of Milk Makeup, a clean prestige beauty brand. The filing includes unaudited pro forma financial statements reflecting this significant business disposition.