Majority – Page 2 – Beautifaire

25 May

Permira Acquiring Majority Stake in Gruppo Florence

MILAN — Private equity firm Permira is acquiring a majority stake in Gruppo Florence from existing shareholders VAM Investments, Fondo Italiano d’Investimento, Italmobiliare, and Gruppo Florence’s entrepreneurs. The entrepreneurs, the management team and VAM Investments will reinvest a good portion of their proceeds and can remain committed to the project. Fondo Italiano d’Investimento may also retain a minority stake. Attila Kiss will proceed to guide Gruppo Florence as chief executive officer and Francesco Trapani will retain his role as chairman. Financial terms of the deal weren't disclosed. As reported, speculation a few possible Permira interest in Gruppo Florence had been circulating for months. “Our industrial project involves significant investments in training, revolutionary digital tools, research on sustainable production processes, and qualified management for...

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11 Apr

Courtin Family Takes A Majority Stake in Pai Skincare:

by Beautifaire101

Beauty, Featured

Courtin Family Takes A Majority Stake in Pai Skincare:

PARIS — Famille C Participations, the Courtin family’s holding company, has taken a majority stake in Pai Skincare to assist step up the brand’s growth and switch it into selective distribution’s clean skincare leader. In April 2021, Famille C Participations purchased a minority stake in Pai, leading its $9 million Series B investment round. Financial terms of essentially the most recent investment weren't disclosed. “It’s time for Pai to speed up in its country of origin, which is the U.K., and to develop in Europe,” said Prisca Courtin, chief executive officer of Famille C Participations. She is a member of the Courtin family, which founded and owns beauty giant Groupe Clarins. Sarah Brown established Pai Skincare, which is certified organic, vegan and cruelty-free, in...

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5 Apr

MinervaHub Sells Majority Stake to San Quirico

by Beauty Tips

Fashion, Featured

MinervaHub Sells Majority Stake to San Quirico

MILAN — MinervaHub has a recent majority shareholder. Investment holding San Quirico SpA has acquired 75 percent stake of MinervaHub, which was established last 12 months to guard a lot of Italian manufacturers within the country’s supply chain that help create garments and accessories. The remaining 25 percent stake stays within the hands of one in every of the sellers, Xenon Private Equity, with other coinvestors that include Matteo Marzotto. The Italian entrepreneur maintains his role as president of MinervaHub, which reports sales of greater than 170 million euros, has a portfolio of greater than 1,000 clients, of that are 20 among the many principal luxury brands, and 700-plus employees. Matteo Marzotto touted the stance of an investor corresponding to San Quirico, which has...

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18 Dec

Beiersdorf Acquires Majority Stake in Skin Microbiome Specialist –

by Beautifaire101

Beauty, Featured

Beiersdorf Acquires Majority Stake in Skin Microbiome Specialist –

PARIS — Beiersdorf AG is expanding its knowledge of the skin’s microbiome with the acquisition of S-Biomedic NV. The German maker of Nivea, La Prairie and Tesa products said Friday that it has purchased a majority stake within the Belgian life-science company, which is touted as a pioneer in skin microbiome research field. Financial terms of the deal weren't disclosed. In an announcement released Friday, Beiersdorf described the microbiome as offering “unique starting points for break-through skincare innovations.” Over the past few years, beauty corporations have increasingly turned toward skin’s microbiome, where billions of bacteria live, as a key factor for skin health. Their research and development has resulted within the creation of latest products made to assist balance the microbiome which, when it’s...

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