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1686 Partners bets $200m on the brands defining how the next generation lives
Luxembourg-based 1686 Partners closed its debut Lifestyle Fund at $200m, targeting founder-led brands at the intersection of fashion, beauty, and creator culture across Europe, North America, and Asia Luxembourg-based 1686 Partners has held the final close of its Lifestyle Fund at $200m, drawing capital from a diverse base of international investors spanning entrepreneurial families, strategic…
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JPMorgan structures $5.9bn financing for Estée Lauder’s potential Puig deal
JPMorgan is structuring a $5.9bn financing package for Estée Lauder, as the cosmetics group advances discussions over a potential tie-up with Puig Brands, the Expansión reported. The bank is coordinating talks with lenders to assemble funding for a cash-and-stock transaction, which could underpin one of the largest deals in the global beauty sector. The proposed…
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Advent exits OLAPLEX in $1.4bn sale to Henkel as premium beauty M&A accelerates
Advent has agreed to sell OLAPLEX to Henkel in a transaction valued at $1.4bn, as the private equity firm exits the premium hair care brand amid continued consolidation in the beauty sector. The deal, which has been approved by OLAPLEX’s board, will see Henkel acquire 100% of the company, marking a strategic expansion of its…
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Advent expands beauty portfolio with $165m Salt & Stone deal
Advent has agreed to acquire a majority stake in Salt & Stone, as the private equity firm expands its exposure to high-growth premium beauty and wellness brands. The Los Angeles-based body care company generates more than $165m in revenue and has delivered double-digit growth across all channels in 2025, positioning it as one of the…
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Ulta Beauty takes UK leap with Space NK acquisition from Manzanita Capital
Ulta Beauty has acquired British beauty retailer Space NK from private equity firm Manzanita Capital, in a strategic move to accelerate its international expansion efforts. Founded in 1993, Space NK currently operates 83 stores across the UK and Ireland. Following the acquisition, the company will continue to run as a standalone subsidiary under the leadership…
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Windsong gives JVN Hair new life with nationwide Ulta Beauty debut
Windsong Global’s portfolio company JVN Hair is set to launch across 700 Ulta Beauty stores and online on 20 July, marking a major milestone for the brand just 19 months after its acquisition, according to a report by Glossy. Originally founded by “Queer Eye” star Jonathan Van Ness and incubated by biotech group Amyris, JVN Hair…
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K-beauty prize in play: Anchor Equity and Taekwang advance in $441m Aekyung pursuit
Anchor Equity Partners and Taekwang Industrial have emerged as leading contenders in the race to acquire a controlling 63% stake in South Korea’s Aekyung Industrial. The deal is expected to be valued at approximately ₩600bn ($441.4m), according to sources cited by KED Global. The stake is currently held by AK Holdings and Aekyung Asset Management.…
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Blackstone sharpens its focus on beauty with $590m Juno Hair deal
Blackstone is in advanced discussions to acquire Juno Hair, South Korea’s largest premium salon group, in a transaction valued at $590m. According to sources cited by KED Global, the deal would mark one of the largest buyouts in Korea’s fragmented beauty services sector. The proposed acquisition would see Blackstone purchase the full stake currently held…
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Inflexion exits control of Medik8 as L’Oréal deepens premium skincare push
L’Oréal has agreed to acquire a majority stake in Medik8, the British premium skincare brand, in a move that strengthens its Luxe Division’s portfolio and underscores continued private equity interest in the high-growth beauty segment. Inflexion, the mid-market private equity firm that previously backed Medik8, will retain a minority stake under the terms of the…
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Huda Beauty founder buys back equity stake from TSG Consumer, regaining full ownership
Huda Beauty has returned to full independence following the conclusion of its eight-year partnership with TSG Consumer Partners. Huda Kattan, founder and co-CEO of the global beauty brand, has bought back TSG’s minority stake, regaining full control of the company she launched in 2013. Kattan’s husband, Christopher Goncalo, serves as co-CEO alongside her, while her…