Bridgepoint Group to Acquire Obagi Medical for $460M

Deal Summary

U.K. investment firm Bridgepoint Group has agreed to acquire clinical skin-care label Obagi Medical from Waldencast, the parent of Milk Makeup, for $460 million. The deal lets Waldencast focus on Milk Makeup while Bridgepoint expands its presence in the physician-led skin-care and aesthetics market.