The consortium, including Movendo Capital and Draycott, will help strengthen Verescence while maximizing growth and sustainability.
Beauty Packaging Staff02.20.25
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.
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.
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