The Carlyle Group’s Acquisition of Majority Stake in Beautycounter

Kirkland & Ellis acted as legal counsel to Carlyle, while Latham & Watkins advised Beautycounter on the deal.

The Carlyle Group (NASDAQ: CG), a global investment firm, signed its agreement with Counter Brands, LLC, parent company of Beautycounter, to acquire a majority stake in Beautycounter.

Beautycounter is a mission driven, digitally native, clean beauty brand. The transaction values the company at $1 billion. The partnership will allow Beautycounter to accelerate its strategic initiatives, including increasing brand awareness as well as bolstering the company’s innovative, integrated, omni-channel business model.

The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Investment Solutions, with $246 billion of assets under management as of December 31, 2020.

Evercore acted as lead financial advisor, and Goldman Sachs acted as financial advisor to Beautycounter.

The Kirkland team was led by corporate partners Jennifer Perkins (Picture) and Douglas DiMedio and debt finance partners Jason Kanner and Kathryn Leonard.

Involved fees earner: Douglas DiMedio – Kirkland & Ellis; Jason Kanner – Kirkland & Ellis; Kathryn Keves Leonard – Kirkland & Ellis; Jennifer Perkins – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Carlyle Group;

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Martina Bellini

Author: Martina Bellini