Key Takeaways:
- PAI has agreed to acquire Elemis from L’Occitane Group.
- L’Occitane International acquired Elemis for $900 million in 2019
- The transaction marks the next phase of Elemis’ development.
The L’Occitane Group ends seven years of ownership of the British prestige skincare.
WHO: Founded in 1990 by Sean Harrington, Noella Gabriel, and Oriele Frank, Elemis is a British skincare brand inspired by the sea, the land, and the power of nature. Its heritage is rooted in discovery, from sourcing exceptional ingredients to pioneering biotechnology. For over 35 years, Elemis has created award-winning, sensorial skincare, drawing on its expertise in spa and professional treatments to deliver visible, clinically proven results. Its portfolio spans cleansers, serums, moisturizers, and specialist skincare treatments.
The L’Occitane Group is a leading international manufacturer and retailer of premium and sustainable beauty and wellness products. The Group operates in more than 100 countries worldwide, with a network of over 5,000 retail locations. Its portfolio of premium beauty brands that champion organic and natural ingredients includes L’Occitane en Provence, Melvita, Erborian, L’Occitane au Brésil, Sol de Janeiro, and Vranjes Firenze. With its nature-positive vision and entrepreneurial ethos, L’Occitane Group is committed to investing in communities, biodiversity, reducing waste, and finding sustainable solutions to create a better and healthier planet.
PAI Partners is a private equity firm investing in market-leading companies worldwide. The Firm has c. €25 billion of assets under management and, since 1994, has completed over 100 investments in 13 countries...
