Nest Fragrances Receives Approx. $70M Majority Investment from Eurazeo
Summary
The seller in the deal was Tengram Capital Partners.Founded in 2008 by Founder and Executive Chairman Laura Slatkin, Nest Fragrances produces more than 20 home fragrance collections consisting of luxury scented candles in several sizes, reed diffusers, liquid soap and hand lotion.In 2012, the company launched the NEST Fine Fragrances Collection, which consists of eight fragrances available in eau de parfum sprays and roller balls and luxury body cream.Eurazeo made the investment via Eurazeo Brands in partnership with Slatkin, who will continue in her role as Founder and Executive Chairman, along with Nancy McKay, who will continue to be Chief Executive Officer.The funds will be used to diversify product offerings, build consumer awareness and expand across retail and digital channels.