Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Two Investment Firms Acquire Verescence from Stirling Square Capital - Beauty Packaging

What are you searching for?

Sign in
Mergers and Acquisitions

Two Investment Firms Acquire Verescence from Stirling Square Capital

The consortium, including Movendo Capital and Draycott, will help strengthen Verescence while maximizing growth and sustainability.

Author Image

By: Rachel Klemovitch

Assistant Editor

Stirling Square Capital Partners has entered an agreement with investment holding companies Movendo Capital and Draycott to sell 100% stake in Verescence.
 
Under Stirling Squares’ ownership, Verescence has strengthened its leadership, innovations, technologies, quality, and sustainability. The company also entered the Asian premium beauty markets. 
 
Thomas Riou, Verescene CEO, commented, 
 
“We are grateful to the team at Stirling Square Capital Partners for their support in helping us develop the business and accelerate the company’s growth. We are looking forward to the next phase of development with our new shareholders who are supportive of our strategy, investment plans, and sustainability agenda, including our decarbonization roadmap.”
 
Jao Coelho Borges, Dracott’s founding partner, and Pedro Pereira Goncalves, Movendo’s CEO, said, 
 
“We are excited about the opportunity to acquire a global leader with a strong and experienced management team fully aligned with our value creation strategy. Verescence’s leadership position in the industry aligns with our investment criteria across multiple key dimensions. By combining management’s expertise with our own, we aim to drive sustainable growth and maximize future value for all stakeholders.”
 
The proposed transaction is subject to customary regulatory approvals and closing conditions. 

Read Next

Mergers & Acquisitions in the Beauty Industry in 2025

Add us as a preferred source on Google

Get the latest Beauty Packaging news, insights and analysis in your Google Search and AI experiences.

Add Beauty Packaging as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Beauty Packaging Newsletters

Topics