PRESS RELEASE – June 22, 2026
YAVNE, Israel – Nili Capital (“Nili”) today announced the acquisition of CHiC Cosmetic Industries (“CHiC” or “the Company”), one of Israel’s leading manufacturers of beauty and personal-care products. Founded in 1987 and headquartered in Yavne, Israel, CHiC operates a hybrid model as both a vertically integrated contract development and manufacturing organization (CDMO) and a cosmetics brand owner, producing skincare, suncare, body care, hair care, toiletries, fragrances, and color cosmetics. The Company manufactures more than 1,000 active SKUs for over 20 domestic and international partners, with multi-decade customer relationships built on formulation expertise, GMP-certified quality, and a long track record of reliable supply.
CHiC was founded by Nahum Segal, who built the business over nearly four decades into a leading domestic manufacturer through a combination of organic growth and targeted acquisitions, including Hlavin Industries in 2016. As part of the transaction, Mr. Segal will continue to support the Company in an advisory capacity. David Yonatan will join as Chief Executive Officer.
“CHiC is a special company – nearly four decades of brand and manufacturing heritage, a loyal base of demanding customers, and a platform with significant latent capacity to grow,” said Ben Adler, Partner at Nili Capital. “We have followed the Company and the Israeli beauty market closely for several years, and we are excited to partner with an exceptional team to build on what Nahum has created and take CHiC into its next chapter.”
“CHiC has earned a reputation for quality, reliability, and deep technical expertise – qualities that are rare and difficult to build,” said David Yonatan, incoming Chief Executive Officer of CHiC. “I am honored to lead the next phase of the Company’s growth, expanding its commercial reach and digital capabilities while preserving the manufacturing excellence at its core.”
Terms of the transaction were not disclosed. Dfus is Nili’s second investment out of Nili II. Deloitte served as financial advisor and Goldfarb Gross Seligman served as legal advisor to Nili Capital. Bank Hapoalim provided acquisition financing.
About CHiC Cosmetic Industries
Founded in 1987 and headquartered in Yavne, Israel, CHiC is one of Israel’s leading manufacturers of beauty and personal-care products. The Company operates a hybrid business model, functioning as both a vertically integrated CDMO and a cosmetics brand owner, with a portfolio that includes the Hlavin and Lavilin brand franchises alongside a full-service private-label division serving major retailers and independent brands across Israel and internationally.
About Nili Capital
Nili Capital is a private equity firm focused on small market buyouts, providing a unique solution to the hyper-competitive lower middle market. Utilizing an aggressive buy and build strategy, Nili aims to transform innovative Israeli companies into larger international companies through cross-border acquisitions in Europe and the US. Nili’s investment approach is to work with management teams to provide the necessary capital, network, and know-how to maximize growth. More information about Nili may be found at www.nilicapital.com.
