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RELATED PARTY TRANSACTIONS | 12 Months Ended
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Dec. 31, 2024
Related Party Transactions [Abstract] |
RELATED PARTY TRANSACTIONS | RELATED PARTY TRANSACTIONS In August 2023, the Company entered into an agreement with Pacvue Corporation, an e-commerce advertising and software company, in which certain investment funds affiliated with Advent International, L.P. (“Advent”), the holder of a majority of the Company’s common stock, hold a greater than 10% equity interest. During the year ended December 31, 2024, payments to Pacvue Corporation were $0.3 million for digital media services, which were negotiated on an arm’s length basis and on market terms. Payments to Pacvue Corporation during the year ended December 31, 2023 were de minimus. No payments were made to Pacvue Corporation during the year ended December 31, 2022. In July 2020, the Company entered into an agreement with CI&T, an information technology and software company, in which certain investment funds affiliated with Advent hold a greater than 10% equity interest. No payments were made to CI&T during the year ended December 31, 2024, and payments during the year ended December 31, 2023 were de minimis. During the year ended December 31, 2022, the Company paid CI&T $0.4 million for services related to the development, maintenance and enhancement of the Olaplex professional application, as well as other digital marketing services, which were negotiated on an arm’s length basis and on market terms. Tax Receivable Agreement In connection with the Reorganization Transactions, the Company entered into the Tax Receivable Agreement with the Pre-IPO Stockholders. See further discussion in “Note 2 - Summary of Significant Accounting Policies” to the Company’s Consolidated Financial Statements of this Annual Report. During the years ended December 31, 2024, 2023 and 2022, the Company made payments of $12.8 million, $16.6 million and $4.2 million, respectively, as required pursuant to the terms of the Tax Receivable Agreement.

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