Leste Group, a global alternative investment manager, acquired a significant stake in Prestige Cosmetics, a leading distributor of luxury perfumes and cosmetics in Brazil, through its private equity platform.
WHO: Prestige Cosmetics specializes in the distribution of perfumes and cosmetics from LVMH, Estée Lauder, Interparfums, Richemont, Shiseido, Clarins, La Prairie, and other renowned international brands. Founded in 2014 and led by Evelyse Britto, along with partners Shinji Motoyama and Roberto Thiry, Prestige has grown to be a leading distributor of fragrances and cosmetic products internationally.
Founded in 2014, Leste Group is a global independent alternative investment manager guided by core values of respect, creativity, and teamwork. The firm offers investors a diverse range of strategies across real estate, credit, private equity, and special situations. Leste Group's investment teams leverage institutional-grade processes, a nimble, entrepreneurial approach, capital markets expertise, and exclusive networks to source unique opportunities and drive risk-adjusted returns.
WHY: The private equity firm plans to help the business expand in North America.
IN THEIR OWN WORDS: “North America is the largest beauty market in the world, and we’re confident our private equity investment in Prestige will help bolster its expansion in the region as the Company prepares for its next stage of growth,” said Emmanuel Hermann, CEO and founder of Leste Group. “The acquisition further demonstrates our extensive knowledge of the private markets, and we look forward to utilizing this experience to continue growing our private equity portfolio.”
“Our partnership with Leste Group will enable us to increase Prestige’s global distribution network, strengthen our retail footprint and e-commerce channel, form new brand partnerships, and explore additional strategies to further enhance our business,” said Evelyse Britto, founder of Prestige Cosmetics. “Leste shares our vision for the future, and we look forward to capitalizing on their financial expertise and industry knowledge to identify new opportunities and markets moving forward.”
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