your password has been reset successfully, Please login again.

Sequoia Capital buys Faces Cosmetics

Sequoia Capital in talks to buy Faces Cosmetics from Everstone Capital.
BY BEx Bureau
BusinessEx
Aug 24, 2017

An agreement has been signed between Sequoia capital VC fund and Everstone Capital to initiate acquisition process of Faces Cosmetics. The Canada based cosmetics company operates under Everstone Capital and the amount proposed for the deal by Sequoia Capital is still undisclosed.

Sharmila Rajput, head of management team in Faces cosmetics will continue to operate even post acquisition. Also, Rajeev Shukla, Managing Partner in Everstone Capital will continue to be a shareholder in the company, stated company release.

Abhay Pandey, MD at Sequoia capital India Advisors said, The Sequoia team will work with the Faces management to make significant investments and deploy operational expertise to unlock the brands full potential, as well as expand its portfolio and reach.

Sequoia Capital also holds a minority stake in Vini cosmetics and this would be the second acquisition of the company in beauty industry.

Please add your Comment
SIMILAR News
October 19, 2018
With this acquisition, IIFL Wealth will increase its client base, and will expand its portfolio mana ...More
By Vaishnavi Gupta
October 18, 2018
This is the second acquisition of InMobi in 2018, after it bought AerServ in January for $90 million ...More
By Vaishnavi Gupta
October 17, 2018
The Mumbai-based enterprise security company will make the investment through its wholly-owned subsi ...More
By Vaishnavi Gupta
October 16, 2018
This is the second acquisition of DailyNinja in Hyderabad after the acquisition of 4amShop in August ...More
By Vaishnavi Gupta
October 13, 2018
With this acquisition, the Bengaluru-based mobile entertainment services company will expand its bus ...More
By Vaishnavi Gupta
October 12, 2018
As part of the deal, Advent purchased entire 40% stake held by Indian PE firm Kedaara Capital and a ...More
By Vaishnavi Gupta
October 11, 2018
Future Enterprises will pay Rs 20 crores for the stake and Rs 5 crores additionally, if required. ...More
By Vaishnavi Gupta
October 11, 2018
The acquisition will help MobiKwik to strengthen its foothold in the digital financial services sect ...More
By Vaishnavi Gupta
October 10, 2018
The combined entity will be providing a comprehensive solution to convert waste plastic into valuabl ...More
By Vaishnavi Gupta
October 09, 2018
The company is expecting that the AP unit will help it to strengthen its presence in the highly comp ...More
By Vaishnavi Gupta
October 09, 2018
With the acquisition of Two Roads, Hyatt will expand its brand presence into 23 new markets. ...More
By Vaishnavi Gupta
October 08, 2018
The acquisition marks Mercer's entry into the global talent assessment market. ...More
By Vaishnavi Gupta