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.