Mayer Brown advises Eurazeo on sale of majority stake in NEST New York
A Mayer Brown Tax team advised Eurazeo on the sale of its majority stake in NEST New York, a leading brand in the lifestyle fragrance sector, to a group of investors led by North Castle Partners, a consumer-focused private equity firm.
The transaction values NEST at approximately $200 million. Eurazeo’s invested equity capital will yield a return of approximately 2.7x.
The cross-border team included partners Jason Bazar, Laurent Borey and Christopher Lalloz and associates Xiao Xiao and Louis Nayberg in the firm’s New York and Paris offices.