This week, we speak with with Michel Brousset, CEO of Waldencast Acquisition Corp.

Waldencast announced a $1.2 billion three-way combination with skincare and cosmetics brands Obagi and Milk Makeup in November.

Michel has taken a different approach to SPACs, using Waldencast as a vehicle to create a platform company.

Waldencast’s management will continue to operate the combined company over a longer term while tucking in additional acquisitions to its portfolio.

We discuss the potential advantages to that strategy within the cosmetics space as well as how its first two targets, which are very different from one another, fit together in this model.