THE WHAT? Osea, a leader in “clean” skincare, is exploring strategic financial options with Raymond James, with both parties declining to comment. This move follows a minority investment from Cavu Venture Partners in 2021, managed by Financo, now part of Raymond James, as Osea looks to expand its influence in the skincare industry, boasting annual net sales of around US$100 million.
THE DETAILS Founded by Jenefer and Melissa Palmer in 1996, Osea is renowned for its commitment to natural skincare, utilizing elements like seaweed to embody its name’s representation of ocean, sun, earth, and atmosphere. After receiving investment, Osea aimed to use the funds for product development and international expansion, targeting a consumer base split between ages 25 to 34 and over 55, and highlighted by successful products like its Undaria Algae Body Oil.
THE WHY? Exploring financial options with Raymond James reflects Osea’s ambition to grow in the global skincare market, aligning with the beauty industry’s trend toward mergers and acquisitions. This strategic consideration suggests Osea’s positioning for further expansion, alongside other beauty brands like Rare Beauty, which is also evaluating its financial future with Raymond James’s help.
Clinical aesthetics products refer to a category of products used in the field of medical aesthetics or cosmetic dermatology. These products are typically designed and formulated to be used under the supervision of healthcare professionals, such as dermatologists, plastic surgeons, or trained aestheticians. They are distinct from over-the-counter cosmetics in that they often contain active ingredients or formulations that require expertise in their application or administration.
Examples of clinical aesthetics products include:
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Dermal Fillers: Injectable substances used to add volume, smooth wrinkles, and enhance facial contours. Examples include hyaluronic acid fillers like Juvederm and Restylane.
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Botulinum Toxin (Botox): Injectables that temporarily paralyze facial muscles to reduce the appearance of wrinkles caused by repetitive movements, such as frown lines and crow's feet.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve its texture. They can treat acne, pigmentation issues, and signs of aging.
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Laser and Light Therapies: Devices that emit focused light or laser energy to treat various skin conditions, including acne, scars, and signs of aging.
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Prescription Skincare Products: Formulations containing active ingredients like retinoids (vitamin A derivatives), hydroquinone, or prescription-strength antioxidants to address specific skin concerns under medical supervision.
