 |
Eurazeo, investment firm, relies on Abernathy MacGregor as it sells its majority stake in NEST New York, marketer of fragrance lifestyle brands, to North Castle Partners in a deal worth about $200M.
Laura Slatkin, who founded NEST in 2008, said the partnership with Eurazeo enabled the business to flourish and deliver impressive growth over the past five years.
She looks forward to working with North Castle as NEST embarks on its next chapter of growth.
Hemanshu Patel, partner at NCP, said NEST fits nicely into NCP’s family of health and wellness brands that are leaders in their respective categories.
He also noted that Rich Gersten, NCP’s beauty industry advisor, has worked with Slatkin and her team in the past.
Will Braun and Emma Prenn-Vasilakis are working the account at AbMac, which is part of Havas’ H/Advisors network of financial firms.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
