By  on August 15, 2012

Deals are starting to percolate in beauty, with Physicians Formula Holding Inc. attracting a buyer and indie cosmetics darling Urban Decay believed to be next in line.

More companies are said to be in play, according to financial sources. For instance, Yes to Inc. — best known for its plucky range Yes to Carrots — is said to be working with Deutsche Bank, as is Urban Decay, while the clinical skin care brand StriVectin, which is owned by Catterton Partners, has reportedly tapped Goldman Sachs, as has TSG Consumer Partners, which owns Perricone MD, Alterna, Sexy Hair, Kenra and Pevonia. Additional brands seen as acquisition targets include Tarte Cosmetics, a mainstay on QVC that has received funding from the private equity company Encore Consumer Capital, and the botanical skin care brand Aesop.

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