LCN Capital Partners acquires two of Voyant Beauty’s mission-critical facilities in New Albany, OH and Roanoke, VA
The two properties serve as light manufacturing, warehouse and distribution facilities for Voyant Beauty, a leading global supply chain partner in personal care, beauty, and health products industry.
New York – March 27, 2020 – LCN Capital Partners (“LCN”), a private real estate investment firm and a recognized leader in the primary corporate sale-leaseback and build-to-suit markets, today announced that it has completed its acquisition of two mission-critical industrial facilities leased to Voyant Beauty (“Voyant”). Voyant is an integrated partner in the health and personal care product space that can serve an entire product’s lifecycle – from the mixing of raw materials through packaging and distribution.
The properties, which total more than 540,000 sq ft and include light-manufacturing and warehouse space, are leased to Voyant for a period of 20 years.
Edward LaPuma, co-founder of LCN Capital Partners, said: “We are excited to be adding these mission-critical industrial properties to our growing portfolio of high-quality, long-term leased real estate assets. We worked closely with the Voyant team to structure a sale-leaseback transaction that was beneficial to all sides. We look forward to working with Voyant as they continue to grow their business.”
Richard McEvoy, Chief Executive Officer of Voyant Beauty, added: “We are happy to commence our long-term relationship with LCN. The LCN team have been helpful partners throughout this process. This sale-leaseback will help us drive the continued growth of our business by allowing us to redeploy capital from real estate ownership back into manufacturing, developing, packaging and distributing the personal care and beauty products that people rely on each day.”
About Voyant Beauty
Voyant Beauty is a leading, full-service partner to the personal care and beauty industry serving customers at every stage of the brand lifecycle. Voyant Beauty was formed in 2019 following the acquisitions of Vee Pak, Aware Products, and Cosmetic Essence Innovations. Headquartered outside of Chicago, Voyant Beauty’s integrated network of innovation and 7 manufacturing facilities delivers responsive solutions and increased speed to market. For more information, please visit: https://www.voyantbeauty.com.
About LCN Capital Partners
Founded in 2011 by Edward V. LaPuma and Bryan York Colwell, LCN has assets under management in excess of $3.5 billion across its three US Dollar denominated funds, and three Euro denominated funds. Headquartered in New York City, LCN also has offices in London, Amsterdam, Cologne and Luxembourg.
LCN Capital Partners is a recognized leader in the primary sale-leaseback and build-to-suit markets. In these primary markets, investments and leases are originated and negotiated directly with the corporate users of mission critical real estate. LCN delivers a long-term solution for its tenant-clients by providing a non-bank capital resource, efficient monetization of on-balance sheet real estate, continued operational control of key assets, enhanced financial metrics, and potential tax benefits. LCN’s investing partners benefit from the long-term and inflation protected distributions that it supplies. For more information, please visit: https://www.lcnpartners.com/.
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