The 30 Biggest Beauty M&A Deals Since 2019

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Fortune, as they say, favors the bold. Here, the largest deals in beauty in the last five years.

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September 20, 2024, 12:01am By James Manso

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*Estimated figured were not confirmed by the acquirer, nor listed in external filings. **Reported figures were sourced from external reports and not confirmed by the acquirer.

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$2.3 Billion

Founder: Tom Ford

Company: Tom Ford International

Acquirer: The Estée Lauder Cos.

Year: 2022

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$1.7 Billion

Founder: Nicola Kilner

Company: Deciem

Acquirer: The Estée Lauder Cos.

Year: 2024

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$1.3 Billion

Founder: Dean Christal

Company: Olaplex

Acquirer: Advent International

Year: 2020

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$1.2 Billion (EST.)*

Founders: Giorgos Tsetis, Roland Peralta, Sophia Kogan

Company: Nutrafol

Acquirer: Unilever

Year: 2022

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1.2 Billion Pounds (EST.)*

Founder: Charlotte Tilbury

Company: Charlotte Tilbury

Acquirer: Puig

Year: 2022

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1 Billion Euros (EST.)*

Founder: Ben Gorham

Company: Byredo

Acquirer: Puig

Year: 2022

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$845 Million

Founder: Tiff any Masterson

Company: Drunk Elephant

Acquirer: Shiseido

Year: 2019

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$700 Million (EST.)*

Founder: Suveen Sahib, Britta Cox

Company: K18

Acquirer: Unilever

Year: 2023

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$700 Million (EST.)*

Founder: Dr. Roshini Raj, Ken Landis and Dan Reich

Company: Tula

Acquirer: Procter & Gamble

Year: 2021

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$640 Million (EST.)*

Founders: Monique Rodriguez, Melvin Rodriguez

Company: Mielle Organics

Acquirer: Procter & Gamble

Year: 2023

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$640 Million

Founder: Ju Rhyu

Company: Hero Cosmetics

Acquirer: Church & Dwight

Year: 2022

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$600 Million

Founder: Kylie Jenner

Company: Kylie Cosmetics

Acquirer: Coty Inc.

Year: 2019

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571 Million Euros

Founders: Sylvie Chantecaille, Olivia Chantecaille

Company: Chantecaille

Acquirer: Beiersdorf AG

Year: 2021

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$500 Million (EST.)*

Founder: Holly Thaggard

Company: Supergoop

Acquirer: Blackstone

Year: 2021

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$500 Million (EST.)*

Founder: Sasha Plavsic

Company: Ilia

Acquirer: Famille C Ventures

Year: 2022

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$500 Million (EST.)*

Founder: Vicky Tsai

Company: Tatcha

Acquirer: Unilever

Year: 2019

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$450 Million (EST.)*

Founders: Dr. Dennis Gross, Carrie Gross

Company: Dr. Dennis Gross

Acquirer: Shiseido

Year: 2023

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$420 Million (EST.)*

Founder: Marianna Hewitt, Lauren Ireland

Company: Summer Fridays

Acquirer: TSG Consumer Partners

Year: 2024

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$380 Million

Founder: Bea Dixon

Company: The Honey Pot Co.

Acquirer: Compass Diversified

Year: 2024

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$375 Million (EST.)*

Founder: Jen Atkin

Company: Ouai

Acquirer: Procter & Gamble

Year: 2022

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$383.5 Million

Founder: Heela Yang, Camila Pierotti, Marc Capra

Company: Sol de Janeiro

Acquirer: L’Occitane

Year: 2022

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$355 Million

Founder: Susan Yara,Ben Bennett

Company: Naturium

Acquirer: E.l.f. Beauty

Year: 2023

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$350 Million (EST.)*

Founder: David Chung

Company: Farmacy

Acquirer: Procter & Gamble

Year: 2022

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$350 Million (EST.)*

Founders: Greg Gonzalez, Joe Cloyes

Company: Youth to the People

Acquirer: L’Oréal

Year: 2021

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$345 Million

Founder: Mazdack Rassi, Zanna Roberts Rassi, Georgie Greville, Dianna Ruth

Company: Milk Makeup

Acquirer: Waldencast Acquisition Corp.

Year: 2021

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$315 Million (EST.)*

Founder: Nancy Twine

Company: Briogeo

Acquirer: The Wella Co.

Year: 2022

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$300 Million (EST.)*

Founder: Dr. Barbara Sturm

Company: Dr. Barbara Sturm

Acquirer: Puig

Year: 2024

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$300 Million (REP.)**

Owner: The Creed family

Company: Creed

Acquirer: BlackRock Long Term Capital Investment, Javier Ferrán

Year: 2020

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$123 million (REP.)**

Founder: Tata Harper

Company: Tata Harper

Acquirer: Amorepacific

Year: 2022

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$92 Million

Founder: Dr. Brent Ridge, Josh Kilmer-Purcell

Company: Beekman 1802

Acquirer: Eurazeo, Cohesive Capital Partners, Cherng Family Trust

Year: 2021