Look out strategics. There are recent, formidable competitors on the sweetness M&A scene: family and individual investors.
While some are taking minority stakes in or wholly snapping up indie brands, others are willing — and able — to shell out as much as billions for major acquisitions.
This yr, all eyes were on the Aesop, valued at greater than $2.5 billion, which ultimately signed an agreement with L’Oréal. But in the most recent stage of negotiations, the Courtin family, which owns Groupe Clarins, was vying against the world’s largest beauty company for the Australian beauty brand through its investment arm Famille C Participations.
Famille C Participations has been energetic in beauty as of late. In March 2022, it acquired the buzzy clean brand...
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