IBG (Innovative Beauty Group), a global provider of turnkey beauty solutions, has been acquired by Fremman Capital, a European private equity firm. Comprised of Orchard Custom Beauty, Fasten Packaging and Roberts Beauty, IBG provides full service solutions for mass and prestige beauty brands. The company has offices in Shanghai, Los Angeles, New York, Toronto, the Netherlands, and Paris.
According to IBG, the transaction marks a major milestone in its future development. The company says it will provide resources “to accelerate its expansion and enhance its innovative capabilities across a range of market segments.”
As before, IBG will continue to develop turnkey solutions for the beauty brands and retailers under the Orchard Custom Beauty brand, supported by the recent acquisition of Roberts Beauty. Additionally, it will continue to pursue the development of its innovative packaging solutions under its Fasten Packaging brand while also continuing to develop its own brands in collaboration with retailers or celebrities.
"IBG is a leader in the beauty industry with a strong track record of innovation and sustainable business practices," said Olivier de Vregille, Co-Founder at Fremman Capital. "We are excited to support IBG in its next phase of growth and to work together to drive further advancements in beauty and personal care offerings."
“We extend our utmost gratitude to Albéa Group for their support and collaboration over the years,” said Xavier Leclerc de Hauteclocque, CEO of Innovative Beauty Group. “In this next chapter, we look forward to a bright future with Fremman Capital, a partner that shares our values and passion for people and service. As always, we remain dedicated to delivering exceptional beauty products and packaging solutions to our valued clients across the globe.”
IBG said that its clients, partners and employees will experience no disruption in service during this transition. “The company remains committed to maintaining the highest standards of quality, innovation and customer service that have been a cornerstone of its success,” they said.
