French hairstylist Frédéric Fekkai and private equity investment firm Cornell Capital have purchased beauty and haircare company Frédéric Fekkai Brands from a group of investors.
Following the acquisition, Frédéric Fekkai Brands will be owned and operated by Fekkai and Cornell Capital’s joint holding company Blue Minstral. Fekkai’s France-based luxury fragrances and hand and body care products provider Bastide will also be involved in the operation of Frédéric Fekkai Brands.
The beauty company was established by Fekkai in 1996 to develop various hair and body care products, including shampoos, conditioners, fragrances and styling products. Fekkai sold the company in 2008.
Fekkai said: “This acquisition will provide me the opportunity to reinfuse my passion for innovation into the brand, while reigniting its growth and guiding Frédéric Fekkai Brands through its next chapter in a modern and exciting way.”
Cornell Capital’s senior partner Henry Cornell said: “The opportunity to partner with Frédéric, a proven entrepreneur in the beauty sector, as he returns to the helm of his iconic brand is truly compelling.
“Leveraging Cornell Capital’s cross-border network and operational expertise, and Frédéric’s deep relationships and reputation within the industry, Fekkai Brands is well-positioned to succeed in the growing global cosmetics and personal care industry.”
Cornell Capital is an investment firm that has a presence in the consumer, energy, financial and industrial sectors.
