(CercleFinance.com) – Eurazeo announces today that it has reached an agreement to sell its majority stake in NEST New York – presented as a leading brand in the lifestyle perfumery sector – to a group of investors led by North Castle Partners, a consumer-focused private equity firm.
Eurazeo and Laura Slatkin, founder of NEST, will retain a minority stake, says Eurazeo.
The transaction values NEST at approximately $200 million and results in a gross multiple for Eurazeo of 2.7x the initial investment.
The transaction is expected to close at the end of November.
Copyright © 2022 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends with the buttons below.
