Sequoia to acquire Faces Cosmetics from Everstone
The Indian affiliate of U.S. venture capital firm Sequoia Capital has agreed to acquire Faces Cosmetics Inc, a Canadian cosmetics business, Reuters reported. No financial terms were released for the deal, which includes Faces' global subsidiaries and brand, the report said. Sequoia is buying the company from an affiliate of Everstone Capital, an Indian private equity firm. Established in 1974, Vaughan, Ontario-based Faces manufactures and retails colour cosmetics, makeup, skin care products and accessories for men and women.
23 August 2017•1 min read
