M&A Deal Summary

Eurazeo PME and Cohesive Capital Partners Acquire Beekman 1802

On December 3, 2021, private equity firms Eurazeo PME and Cohesive Capital Partners acquired consumer products company Beekman 1802 for 92M USD

Acquisition Highlights
  • This is Eurazeo PME’s 6th and Cohesive Capital Partners’ 4th transaction in the Consumer Products sector.
  • This is Eurazeo PME’s 14th and Cohesive Capital Partners’ 4th largest (disclosed) transaction.
  • This is Eurazeo PME’s 10th and Cohesive Capital Partners’ 25th transaction in the United States.
  • This is Eurazeo PME’s 3rd and Cohesive Capital Partners’ 5th transaction in New York.

M&A Deal Summary

Date 2021-12-03
Target Beekman 1802
Sector Consumer Products
Buyer(s) Eurazeo PME
Cohesive Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 92M USD

Target

Beekman 1802

Schenectady, New York, United States
website
Beekman 1802 is a goat milk-based skincare company that operates certified microbiome-friendly brand at Ulta stores for the moisturizing, exfoliation, and nourishing properties of the goat milk found in their products across the board. Beekman 1802 was formed in 2008 and is based in Schenectady, New York.

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Buyer(S) 2

DESCRIPTION

Eurazeo PME, formerly known as OFI Private Equity Capital. Eurazeo PME invests equity and mezzanine capital in secondary buyout transactions of unlisted French companies. The Firm looks for opportunities valued between €50 and €250 million. Areas of interest include chemicals, financial services, consumer services, retail, manufacturing, distribution, and life science. Eurazeo PME was formed in 1997 and is based in Paris.


DEAL STATS #
Overall 69 of 80
Sector (Consumer Products) 6 of 7
Type (Buyout (LBO, MBO, MBI)) 22 of 22
State (New York) 3 of 3
Country (United States) 10 of 12
Year (2021) 10 of 10
Size (of disclosed) 14 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 Scaled Agile

Boulder, Colorado, United States

Scaled Agile is a provider of SAFe, the framework for business agility. Through learning and certification, a global partner network, and a growing community of over one million trained professionals, Scaled Agile helps enterprises build agility into their culture so they can quickly identify and deliver customer value, capitalize on emerging opportunities, and improve business outcomes. Scaled Agile was formed in 2011 and is based in Boulder, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 Orolia

Les Ulis, France

Orolia provides resilient positioning, navigation, and timing (PNT) solutions which improve the reliability, performance, and safety of critical civilian, military and space operations, including in harsh or altered Global Navigation Satellite System (GNSS) environments. The company has a broad portfolio of technologies across the Resilient PNT value-chain with full system capabilities, and is a provider of PNT equipment, simulation and test solutions. It is also providing emergency locator beacons for commercial aviation and military applications. Orolia was formed in 2006 and is based in Les Ulis, France.

Sell -
DESCRIPTION

Cohesive Capital Partners is private equity co-investment firm. The Firm looks to invest and work alongside deal sponsors in small to mid-sized companies and will consider businesses operating in any sector. Prospective deal situations include buyouts, growth equity financings, and other opportunistic situations. Cohesive Capital Partners was formed in 2010 and is based in New York City.


DEAL STATS #
Overall 27 of 32
Sector (Consumer Products) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 8 of 10
State (New York) 5 of 6
Country (United States) 25 of 30
Year (2021) 6 of 7
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-03 Battea

Stamford, Connecticut, United States

Battea is a provider of securities claims management services to nearly 1,000 global financial institutions, including many of the world’s largest banks, hedge funds, asset managers and buy-side investors. Battea was founded in 1997 and is based in Stamford, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-08 UrgentMED

Los Angeles, California, United States

UrgentMED is an operator of a independent network of urgent care clinics in Southern California. UrgentMED operates 35 urgent care clinics in the Southern California region, including Los Angeles County, Orange County, and Ventura County. UrgentMED was founded in 2007 and is based in Los Angeles, California.

Buy -