Famille C Participations acquires majority stake in Pai Skincare after £14m fundraising - Indoors Beauty

Famille C Participations acquires majority stake in Pai Skincare after £14m fundraising

Famille C Participations acquires majority stake in Pai Skincare after £14m fundraising

The funding fund of the Courtin household, Famille C Participations, has acquired the controlling stake in Pai Skincare, solely two years after investing in a minority stake in the corporate.

This second funding, which is a part of a Series C fundraising of £14 million (€15.9 million), has made Famille C Participations the majority shareholder of the London-based natural skincare label.

Pai Skincare was based in 2007 by Sarah Brown after she turned annoyed along with her cupboard of ineffective skincare merchandise.

Commenting on the corporate’s begin, Brown stated: “I simply wished efficient skincare I might belief and rely upon and creating Pai was my means of taking again management. Pai is every little thing I wished as a buyer; skincare made with efficient, natural elements, no-nonsense advertising and a model that understands merchandise are only one piece of the puzzle.”

By 2021, the skincare model had hit gross sales of £10.5 million.

Pai Skincare is especially current in its home market, the UK, the place it’s formulated and created. It’s additionally obtainable in French Sephora outlets. However, with the brand new funding, the corporate plans to increase its providing and distribution in Europe.

Prisca Courtin, Managing Director of Famille C Participations and Chairwoman of the Clarins supervisory committee, commented: “Famille C Participations’ ambition is to turn out to be a world chief in the accountable cosmetics sector, as demonstrated by the investments and acquisitions made in this discipline in latest years. Famille C Participations is exclusive in that it combines some great benefits of a bunch with these of an funding fund with stable and strategic monetary capabilities.

“We help entrepreneurs who innovate and make a optimistic contribution to the trade. I’ve large respect for what Sarah and Ed have constructed to this point. We are dedicated to develop Pai and assist it to achieve its full potential, due to the standard of the merchandise and formulation, and their excessive requirements.”

This information follows Famille C Participations’ funding in the US-based make-up model Ilia in May 2022.

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