(CercleFinance.com) – Eurazeo today announces that it has reached an agreement for the sale of its majority stake in NEST New York – presented as a leading brand in the lifestyle perfumery sector – to a group of investors led by North Castle Partners, a company consumer-oriented private equity.
Eurazeo and Laura Slatkin, founder of NEST, will keep a minority stake, says Eurazeo.
The transaction values NEST at approximately $ 200 million and translates into a gross multiple for Eurazeo of 2.7 times the initial investment.
The operation is expected to close at the end of November.
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