12.15.21
Eurazeo, a global investment group, is acquiring a controlling stake in Beekman 1802, a high growth clean beauty brand offering a line of premium skin care and body care products that leverage microbiome science and harness the benefits of goat milk.
Eurazeo is investing $62 million out of a total of $92 million to acquire a majority stake alongside co-investors Cohesive Capital Partners and the Cherng Family Trust.
Founded in 2009 by Dr. Brent Ridge and Josh Kilmer-Purcell in Sharon Springs, New York, Beekman has grown into a successful omnichannel brand with a diverse array of beauty wellness products.
Eurazeo’s investment will support the continued expansion of Beekman 1802 across multiple channels, categories, and geographies, leveraging and further enhancing the brand’s storytelling capabilities and products.
As part of Eurazeo’s investment, Marc Rey, former CEO of Shiseido Americas, will join the company’s Board of Directors as chairman, alongside Adrianne Shapira, managing director, and George Birman, principal at Eurazeo.
Brent Ridge and Josh Kilmer-Purcell said, “When we started Beekman 1802 over a decade ago, we were focused on helping our community; over the years we have been fortunate to grow that community near and far through our unique products that are kind to sensitive skin and our use of Kindness as a framework for wellness and well-being. Today we couldn’t be more excited to embark on Beekman’s next journey together with Eurazeo, a partner with strong brand building expertise that will help us grow our community of neighbors and spread kindness globally.”
Marc Rey added, “The beauty industry continues to be marked by tremendous innovation and growth as consumers seek products and brands that are both effective and clean. Beekman’s powerful combination of being a truly authentic brand with excellent products and strong leadership is a winning one, and I look forward to supporting its growth by leveraging my global experience developing and leading iconic beauty brands.”
Eurazeo is investing $62 million out of a total of $92 million to acquire a majority stake alongside co-investors Cohesive Capital Partners and the Cherng Family Trust.
Founded in 2009 by Dr. Brent Ridge and Josh Kilmer-Purcell in Sharon Springs, New York, Beekman has grown into a successful omnichannel brand with a diverse array of beauty wellness products.
Eurazeo’s investment will support the continued expansion of Beekman 1802 across multiple channels, categories, and geographies, leveraging and further enhancing the brand’s storytelling capabilities and products.
As part of Eurazeo’s investment, Marc Rey, former CEO of Shiseido Americas, will join the company’s Board of Directors as chairman, alongside Adrianne Shapira, managing director, and George Birman, principal at Eurazeo.
Brent Ridge and Josh Kilmer-Purcell said, “When we started Beekman 1802 over a decade ago, we were focused on helping our community; over the years we have been fortunate to grow that community near and far through our unique products that are kind to sensitive skin and our use of Kindness as a framework for wellness and well-being. Today we couldn’t be more excited to embark on Beekman’s next journey together with Eurazeo, a partner with strong brand building expertise that will help us grow our community of neighbors and spread kindness globally.”
Marc Rey added, “The beauty industry continues to be marked by tremendous innovation and growth as consumers seek products and brands that are both effective and clean. Beekman’s powerful combination of being a truly authentic brand with excellent products and strong leadership is a winning one, and I look forward to supporting its growth by leveraging my global experience developing and leading iconic beauty brands.”