The Carlyle Group has acquired a majority stake in Beautycounter, one of the leaders in clean beauty. The partnership will allow Beautycounter to accelerate its strategic initiatives, including increasing brand awareness as well as bolstering the company’s innovative, integrated, omni-channel business model.
Acquisition to Fast-track Growth
Beautycounter is a mission driven, digitally native, clean beauty brand that has continued to lead and define the future of the global beauty industry since its launch in 2013. The company’s efforts have led the way for ingredient innovation and transparency, having introduced The Never List™ to ensure 1,800 questionable or potentially harmful ingredients are never used in its product formulations as part of its Blueprint for Clean.
This consumer-first combination is what Beautycounter strives to consistently deliver for its community and is what sets it apart as a leader in the beauty industry.
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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,” said Beautycounter founder and CEO Gregg Renfrew.
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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.”
The investment in Beautycounter builds on Carlyle’s long-term focus on partnering with founder-led brands focused on growth.
Source: Carlyle Group