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Dexelance acquires 65% stake in Mohd as Made in Italy Fund exits in high-return deal
Dexelance has acquired a 65% stake in Mohd, a leading Italian high-end furniture e-commerce and retail business, from Made in Italy Fund and the Mollura family. The Mollura family will reinvest in the business and retain a significant minority stake. The transaction marks the second exit for Made in Italy Fund, the private equity vehicle…
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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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Canada Goose’s future in flux as Bain weighs stake divestment
Bain Capital is reportedly weighing the sale of part or all of its controlling stake in luxury outerwear brand Canada Goose Holdings Inc., according to sources cited by Bloomberg. The private equity firm is said to be working with advisers and sounding out interest from potential buyers, including other private equity groups. Bain first acquired…
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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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Oakley Capital acquires heritage British brand Smythson in multi-brand expansion deal
Oakley Capital has acquired heritage British luxury label Smythson as part of a broader investment in iconic European brands. The deal, executed through Oakley’s investment vehicle Iconic BrandCo, also includes the acquisitions of Italian home furnishings label Fornasetti and premium leather goods maker Fabbrica Pelletterie Milano. Smythson, established in 1887 and renowned for its high-end…
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Oakley Capital acquires majority stake in iconic Italian design house Fornasetti
Oakley Capital has acquired a 60% stake in Immaginazione Srl, the holding company behind luxury Italian design brand Fornasetti, in a deal aimed at scaling the historic firm into a global lifestyle business. Founded by Piero Fornasetti in the 1940s and now led by his son, Barnaba Fornasetti, the Milan-based atelier is known for its…
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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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Exclusive Interview: Andrei Gemeneanu on building Romania’s private equity future
Andrei Gemeneanu, Co-founder and Managing Partner of Morphosis Capital, is on a mission to put Romania firmly on the private equity map. In this candid conversation with Private Equity Insights at CEE’s Largest PE Conference, he shares his views on the regional landscape, Morphosis Capital’s growth story, and how education and values-led investing play a defining…