By  on November 30, 2017

Eurazeo is getting nestled in the beauty game.

The firm has closed its first investment in a beauty brand with a $70 million deal for a majority stake in Nest Fragrances. The transaction also marks the first deal from Eurazeo Brands, the newly formed New York consumer and retail investment division of the Paris private-equity firm. Eurazeo Brands is headed by chief executive officer Jill Granoff, a beauty and fashion veteran.

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