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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…
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$1bn Color Wow sale draws private equity interest as beauty sector dealflow accelerates
Color Wow, the fast-growing haircare brand founded by Gail Federici, is exploring a sale that could fetch a valuation of approximately $1bn, according to Reuters. Boutique advisory firm Houlihan Lokey is running the process, which has attracted significant interest from private equity firms and strategic buyers eyeing growth in the premium beauty segment. Color Wow…
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K-beauty boom fuels $1.6bn deal spree as private equity chases South Korea’s rising stars
South Korea’s booming cosmetics sector has captured the attention of private equity firms, with 18 deals totalling KRW2.3tn ($1.6bn) recorded in 2024, according to Bloomberg. The sharp rise in M&A activity comes as the country becomes the top cosmetics exporter to the US, overtaking France. Strong US demand, powered by K-pop and K-drama-driven brand visibility,…
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Huda Beauty reclaims independence as Mona Kattan and General Atlantic take over KAYALI
Huda Beauty is redefining its future with the sale of its fragrance brand, KAYALI, to co-founder Mona Kattan and private equity firm General Atlantic. This strategic move paves the way for Huda Beauty to regain full founder ownership, marking a rare milestone in the beauty industry. Founded in 2018 by Mona Kattan under the Huda…