Beekman 1802 Sells Controlling Stake to Eurazeo

Eurazeo, a global investment group, is acquiring a controlling stake in Beekman 1802, the premium skin care and body care company. Eurazeo is investing $62 million out of a total of $92 million to acquire the majority stake alongside co-investors Cohesive Capital Partners and the Cherng Family Trust. 
 
Founded in 2009 by Dr. Brent Ridge and Josh Kilmer-Purcell in Sharon Springs, NY Beekman 1802 has grown from a maker of goat milk soap into a successful omnichannel brand with a diverse array of beauty wellness products. Happi profiled Beekman as “indie brand to watch” in 2017.
 
The company touts its “Clinically Kind” approach to skincare that's clinically tested, scientifically proven along with a “There's Beauty in Kindness” trademark. 

 
Beekman 1802 recently tapped Kat Stickler, a TikTok star, as a brand spokesperson.
 
Eurazeo’s investment will support the continued expansion of Beekman 1802 across multiple channels, categories, and geographies, leveraging and further enhancing the brand’s storytelling capabilities and products. 
 
As part of Eurazeo’s investment, Marc Rey, former CEO of Shiseido Americas, will join the company’s board of directors as chairman, alongside Adrianne Shapira, managing director, and George Birman, principal at Eurazeo. 
 
“Brent, Josh and the entire Beekman team have created a truly special brand that resonates with today’s beauty consumers seeking aspirational yet accessible products that are clean and effective. With kindness at its core, Beekman is also spreading beauty from within. We are thrilled to partner with Beekman to propel their next chapter of growth, leveraging our deep industry expertise to help them reach consumers on a global scale in the years ahead,” said Shapira.
 
In a joint statement, Ridge and Kilmer-Purcell said they started Beekman 1802 to focus on helping their community. They added, “Over the years we have been fortunate to grow that community near and far through our unique products that are kind to sensitive skin and our use of kindness as a framework for wellness and well-being. Today we couldn’t be more excited to embark on Beekman’s next journey together with Eurazeo, a partner with strong brand building expertise that will help us grow our community of neighbors and spread kindness globally.”
 
The investment marks Eurazeo’s Brands team continued momentum as a value added partner to North American and European consumer brands, with more than $600 million invested since 2017. The company’s portfolio includes Nest, the home fragrance brand and accessories brand Herschel Supply and others.