NEW YORK–(BUSINESS WIRE)–Eurazeo, a main world funding group, in the present day introduced it’s buying a controlling stake in Beekman 1802, a excessive development clear magnificence model providing a line of premium skincare and physique care merchandise that leverage microbiome science and harness the advantages of goat milk. Eurazeo is investing $62 million out of a complete of $92 million to accumulate a majority stake alongside co-investors Cohesive Capital Partners and the Cherng Family Trust. The funding marks Eurazeo’s Brands workforce continued momentum as a worth added accomplice to North American and European shopper manufacturers, with over $600 million invested since 2017.
Founded in 2009 by Dr. Brent Ridge and Josh Kilmer-Purcell in Sharon Springs, New York, Beekman has grown into a profitable omnichannel model with a various array of magnificence wellness merchandise. Beekman’s dedication to sustainability, kindness, authenticity, and group, is a key differentiator in in the present day’s $9 billion world status skincare market.
Eurazeo’s funding will help the continued enlargement of Beekman 1802 throughout a number of channels, classes, and geographies, leveraging and additional enhancing the model’s storytelling capabilities and merchandise. As a part of Eurazeo’s funding, Marc Rey, former CEO of Shiseido Americas, will be part of the Company’s Board of Directors as Chairman, alongside Adrianne Shapira, Managing Director, and George Birman, Principal at Eurazeo.
Adrianne Shapira, Managing Director, Brands, mentioned:
“Brent, Josh and your complete Beekman workforce have created a actually particular model that resonates with in the present day’s magnificence customers searching for aspirational but accessible merchandise which can be clear and efficient. With kindness at its core, Beekman can also be spreading magnificence from inside. We are thrilled to accomplice with Beekman to propel their subsequent chapter of development, leveraging our deep trade experience to assist them attain customers on a world scale in the years forward.”
Brent Ridge and Josh Kilmer-Purcell, Beekman 1802 co-founders, added:
“When we began Beekman 1802 over a decade in the past, we have been centered on serving to our group; through the years we’ve been lucky to develop that group close to and much via our distinctive merchandise which can be variety to delicate pores and skin and our use of Kindness as a framework for wellness and well-being. Today we couldn’t be extra excited to embark on Beekman’s subsequent journey along with Eurazeo, a accomplice with robust model constructing experience that may assist us develop our group of neighbors and unfold kindness globally.”
Marc Rey, Incoming Chairman of Beekman 1802, mentioned:
“The magnificence trade continues to be marked by super innovation and development as customers search merchandise and types which can be each efficient and clear. Beekman’s highly effective mixture of being a actually genuine model with wonderful merchandise and robust management is a profitable one, and I stay up for supporting its development by leveraging my world expertise creating and main iconic magnificence manufacturers.”
ABOUT BEEKMAN 1802
Beekman 1802 was born when founders, Josh Kilmer-Purcell and Dr. Brent Ridge, moved to the historic Beekman 1802 farm in rural Sharon Springs, NY. There they discovered a tightknit group and 100 goats searching for a dwelling. Next factor you realize, they turned the world’s largest goat milk-based skincare firm, incomes the precise to name themselves the primary and solely licensed microbiome-friendly model at Ulta shops for the moisturizing, exfoliation, and nourishing properties of the goat milk discovered in their merchandise throughout the board. With their Clinically Kind® strategy to skincare that is clinically examined, scientifically confirmed, and made for delicate pores and skin, they’ve lengthy confirmed, There’s Beauty in Kindness™.
For extra data, go to Beekman1802.com and @Beekman1802 on social media.
ABOUT EURAZEO
Eurazeo is a main world funding group, with a diversified portfolio of €27.0 billion in Assets Under Management, together with €19.2 billion from third events, invested in over 450 firms. With its appreciable non-public fairness, actual property and personal debt experience, Eurazeo accompanies firms of all sizes, supporting their growth via the dedication of its 350 professionals and by providing deep sector experience, a gateway to world markets, and a accountable and secure foothold for transformational development. Its stable institutional and household shareholder base, strong monetary construction freed from structural debt, and versatile funding horizon allow Eurazeo to help its firms over the long run.
Eurazeo has places of work in Paris, New York, Sao Paulo, Seoul, Shanghai, Singapore, London, Luxembourg, Frankfurt, Berlin, Milan and Madrid
Eurazeo is listed on Euronext Paris.
https://www.businesswire.com/news/home/20211213005064/en/Eurazeo-Leads-a-Majority-Investment-in-Beekman-1802-a-High-Growth-Clean-Beauty-Brand
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