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7 April 2022
Quilvest Capital Partners announces the signing of a minority investment in Les Secrets de Loly
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Quilvest Capital Partners announces that it has signed an agreement to acquire a minority stake in Les Secrets de Loly, a premium natural haircare brand dedicated to the beauty of textured hair. The president and founder of the brand, Kelly Massol, will retain a majority stake.

About Les Secrets de Loly
Founded in 2009 by Kelly Massol, Les Secrets de Loly designs and markets premium haircare products (shampoos, conditioners, treatments and styling products) using natural ingredients, that are specifically designed for textured hair (wavy, curly and frizzy). Driven by the quality of its products and the strength of its brand, the company has grown exceptionally in recent years and has established itself as a leading player in France within the space.

Starting as an online blog giving tips and advice on curly haircare, Les Secrets de Loly rapidly amassed an engaged community following and began creating its first products in the Parisian kitchen of its founder in 2009. The brand is now followed by more than 170k users on Instagram and offers a targeted range of 15 products, with 3 more Ecocert-certified products in the pipeline for 2022. Les Secrets de Loly is sold through a high-quality distribution network with notable strength in France and through premium retailers as well as hair salons.

Les Secrets de Loly’s strategic plan focuses on accelerating growth through product innovation and the opening of new distribution channels, both in France and internationally. Quilvest intends to support this growth, in particular by allowing the company to benefit from the strength of its international network.

For more information, visit https://www.secretsdeloly.com/

10 February 2022
Quilvest completes the sale of Prospect Innovation Campus
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Quilvest is pleased to announce that it completed the sale of Prospect Innovation Campus, a 23-building, ~505k square foot (“sf”), flex office and industrial portfolio located in Fort Collins, Colorado.

In April 2017, Quilvest formed a partnership to acquire the 23-building campus.  The business plan focused on capturing some current yield, while leasing vacant space, marking rents to market and securing long-term lease extensions.  The multi-tenant and multi-building campus was also believed to offer the potential for opportunistic divestitures throughout the investment period of individual buildings, or sub-portfolios whenever stabilization was achieved; enhancing the investment’s return profile.

Between September 2019 and January 2021 three buildings were sold in two separate transactions whose net sale proceeds returned all the invested equity capital.

Throughout the hold period, ~430k sf of leasing was completed through which the portfolio reached an ~96% occupancy rate and NOI was increased by ~30%.  In addition to operational improvements, investor demand for the subject property type has strengthened over time which further increased the portfolio’s valuation.

Prospect Park was the second investment in the theme.  Quilvest looks forward to building on this success with the new themes it targets in 2022.