The Carlyle Group Acquires Majority Stake in Beautycounter | The Carlyle Group Acquires Majority Stake in BeautycounterFinancial Buzz

The Carlyle Group Acquires Majority Stake in Beautycounter

The Carlyle Group (NASDAQ: CG) has reported its acquisition of a majority stake in Beautycounter.  This partnership will push Beautycounter’s strategic initiatives which include increasing brand awareness and pushing the company’s omni-channel business model.  This transaction is valued at USD 1 Billion.  “In 2013, I launched Beautycounter with the simple mission to get safer products into the hands of everyone,” said Beautycounter Founder and CEO Gregg Renfrew. “Today marks an exciting and important milestone for our company and I am so proud to partner with Carlyle as we continue to work toward achieving that mission. I have long admired Jay and the team at Carlyle for their experience working with brands at the intersection of cultural relevance and consumer demand and believe that our combined vision will be instrumental in accelerating Beautycounter as the leader in clean beauty, and in the beauty industry as a whole.”

“We are so excited to partner with Gregg and her outstanding executive team to support Beautycounter’s movement to bring safer products to consumers,” said Jay Sammons, Head of Global Consumer, Media & Retail, The Carlyle Group. “Beautycounter is a pioneer and leader in the fast-growing clean beauty industry, and we see an opportunity to support a talented, founder-led team in amplifying the brand’s mission to change beauty forever.”

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