Klapp premium cosmetics acquired by MCP

German company Gerhard Klapp has sold 85% of its subsidiary Klapp Cosmetics to private equity firm Mandarin Capital Partners.

Based in Hessisch-Lichtenau, Klapp Cosmetics has been operating in the premium cosmetics segment for over 40 years and exports its products to more than 60 countries.

In 2019 it reported a turnover of approximately €30 million with an export share of 50% and an EBITDA of €3.2 million. MCP has already announced plans to expand its operations abroad, especially in Europe and Asia, and to invest in production growth.

To ensure business continuity, founder Gerhard Klapp will maintain an important role on the advisory board, while CEO Reiner Engert, who has invested in a share of the company, will continue to lead Klapp with his team.