Weinberg Capital Partners, a Paris-based firm specializing in capital markets, has successfully secured a majority stake in Cosmogen, a leading French company renowned for its innovative beauty applications and packaging solutions. Known for their cutting-edge designs, Cosmogen creates a wide range of applicators, brushes, and essential accessories tailored for numerous cosmetic brands.
Established Collaborations and Environmental Initiatives
Cosmogen has established fruitful collaborations with major players in the beauty sector, such as L’Oréal, Clarins, Caudalie, and Dior, supplying them with a variety of patented products and specialized offerings. A standout aspect of their portfolio is their commitment to environmentally friendly packaging that is easily recyclable and dismantlable.
Financial Performance and Product Diversification
In the recently concluded fiscal year 2024, Cosmogen’s revenue approached 25 million euros, supported by a dedicated team of 30 employees distributed across key markets, including France, Brazil, the United States, and Asia. Recently, the company diversified its product line to include packaging specifically designed for the pharmaceutical industry.
Future Growth Plans
Following their investment in the specialty fragrance brand Juliette Has a Gun last year, Weinberg Capital Partners is eager to help Cosmogen strengthen its foothold in the French market while also pursuing international growth.
Priscille Allais, President and CEO of Cosmogen, celebrated the acquisition, stating that it would enable the company to accelerate its growth. She emphasized that this opportunity will enhance Cosmogen’s existing strengths, including its innovative capabilities, core values, culture, and dedication to client satisfaction.
Paul Cordahi, a director at Weinberg Capital Partners, expressed great confidence in Cosmogen’s esteemed reputation among top brands and its operational know-how. He believes these factors will foster ongoing growth. Cordahi noted that Cosmogen’s rich relationships with customers were pivotal in Weinberg’s decision to invest, and he conveyed his enthusiasm for expanding their presence within the beauty sector through this partnership.
Source: Cosmeticsdesign-europe.com