Beekman 1802 was valued at $92 million when it was acquired by a consortium of investment firms. This valuation reflects the company's worth at the time of its strategic sale in late 2021.
A Strategic Acquisition in the Cosmetics Industry
The cosmetics brand Beekman 1802, known for its goat milk-based skincare and body products, was acquired for $92 million. This significant investment highlights the brand's growth and appeal within the competitive beauty market.
The acquisition was led by Eurazeo, a global investment company, which took a majority stake. They were joined by co-investors Cohesive Capital Partners and the Cherng Family Trust, who collectively invested a substantial amount alongside Eurazeo.
Here's a breakdown of the investment structure:
| Investor | Investment Amount | Stake Type |
|---|---|---|
| Eurazeo | $62 million | Majority |
| Cohesive Capital Partners | Part of $30 million* | Minority |
| The Cherng Family Trust | Part of $30 million* | Minority |
| Total Acquisition Value | $92 million |
*The $30 million investment was jointly made by Cohesive Capital Partners and the Cherng Family Trust.
The Significance of the Acquisition
This acquisition underscores the increasing investor confidence in brands that prioritize clean ingredients, sustainable practices, and unique brand stories. Beekman 1802, founded by Josh Kilmer-Purcell and Brent Ridge, has successfully cultivated a loyal customer base through its distinctive approach to beauty and wellness. The $92 million valuation represents the market's recognition of its strong brand equity and future growth potential in the global beauty sector.
