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Waldencast Acquisition Corp. (WALD) to Combine with OBAGI and Milk Makeup in $1.2Bn Deal

Waldencast Acquisition Corp. (WALD) to Combine with OBAGI and Milk Makeup in $1.2Bn Deal

Waldencast (NASDAQ:WALD) has entered into a definitive agreement to combine with beauty brands OBAGI and Milk Makeup at an enterprise value of $1.24 billion, or 24.7x its 2022E adjusted EBITDA. OBAGI provides medical-grade skincare products and Milk Makeup provides clean 100% vegan cosmetics via retail stores and its native ecommerce site. The combined company is
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