Benzinga | Apr 13, 2021 08:02AM EDT

Carlyle Group Acquires Majority Stake In Beautycounter; Transaction Values Co. At $1B

Counter Brands, LLC, parent company of Beautycounter, the leader in clean beauty, and global investment firm The Carlyle Group (NASDAQ:CG) today announced that Carlyle has acquired a majority stake in Beautycounter. The partnership will allow Beautycounter to accelerate its strategic initiatives, including increasing brand awareness as well as bolstering the company's innovative, integrated, omni-channel business model. The transaction values the company at $1 billion.