Eurazeo buys majority stake in goat milk beauty brand Beekman 1802
After aromatherapy specialist Aroma-Zone and men's grooming brand developer Pangaea, Eurazeo has once again been scouting the beauty world. The French investment firm recently acquired a majority stake in Beekman 1802, for an investment of $62 million. US skincare brand Beekman 1802 specialises in creating face and body treatments using formulations that combine goat's milk with microbiomes.
The acquisition operation, amounting in total to $92 million, was carried out by Eurazeo in association with Cohesive Capital Partners and family office Cherng Family Trust.
Beekman 1802 was founded in 2009 by Dr. Brent Ridge and Josh Kilmer-Purcell in Sharon Springs, NY. It will take advantage of Eurazeo's investment to accelerate its international growth and strengthen its product range.
“Brent, Josh and the entire Beekman team have created a truly special brand that resonates with today’s beauty consumers seeking aspirational yet accessible products that are clean and effective. With kindness at its core, Beekman is also spreading beauty from within. We look forward to working with [Beekman’s] team and to supporting the brand in its future growth. Our expertise in the beauty sector and our international connections will enable us to bolster the brand’s international expansion and to help it win over new consumers in the next few years,” said Adrianne Shapira, managing director brands for Eurazeo in North America.
To support Beekman’s growth, Marc Rey, former CEO of Shiseido Americas, will join the company’s board as president, alongside Shapira and George Birman, brands principal at Eurazeo.
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