Leading global private investment firm Bain Capital Private Equity has signed a definitive agreement to acquire a majority stake in beauty incubator Maesa for an undisclosed sum. The transaction is subject to regulatory approval and is expected to complete in the first half of this year.
“We believe that Bain Capital Private Equity is the right partner to help us take Maesa into its next phase of growth as a global beauty supplier and beauty brand incubator,” said Julien Saada and Gregory Mager, Co-Founders of Maesa. “Bain Capital Private Equity has a unique understanding and confidence in our long-term growth strategy, culture and people, bringing valuable global reach and expertise which will support us in our future growth plans.”
“Greg, Julien and the management team have built a remarkable business,” said Miray Topay, a Principal at Bain Capital Private Equity. “We could not be more excited to partner with Maesa to continue to develop this innovative brand creation approach in an evolving beauty landscape.”
Maesa generates approximately US$230 million in global annual sales, employing 300 people across seven offices worldwide.