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September 3, 2018
By: TOM BRANNA
Eurazeo Brands has made an investment in Pat McGrath Labs. Eurazeo, a global investment company with approximately €16 billion (about $18.2 billion at current exchange rates) in assets under management, joins the One Luxury Group investment fund, as minority shareholders in the company. Eurazeo’s total investment is $60 million, bringing total external funding to date to $88 million. The new capital will help Pat McGrath Labs build on its success and enable the company to further expand its distribution in the US, as well as meet increasing demand worldwide, said the company. Additional terms of the deal were not disclosed at press time.
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