By  on December 10, 2012

LONDON — Palamon Capital Partners said it has purchased a majority stake in, an online retailer of premium beauty products, in a deal valuing the company at 26 million pounds, or $41.6 million at current exchange rates.

Palamon said in a statement it would provide further capital to support the company’s growth plan. Sirius Equity will invest alongside Palamon, and its co-founders Robert Bensoussan and Jim Sharp will join the e-tailer's board of directors. Bensoussan will take up the role of chairman while Sharp will become a non-executive director.

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