Nest Fragrances, a New York-based maker of luxury fragrances for the bath, body and home, received an approx. $70m majority investment from Eurazeo.
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.
It offers a collection of over 30 home and fine fragrances sold in North America through a wholesale customer network of luxury specialty department stores, beauty product stores, boutique stores and spas, and the company’s online flagship store NESTFragrances.com.
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.