Palamon in £20m round for portfolio company Feelunique

Following the deal, the online cosmetics retailer will expand internationally, with an initial focus on the French market.

Palamon is currently investing from its 2005-vintage Palamon European Equity II vehicle, which held its final close on €670m in 2006.

The transaction marks the GP's third investment in the speciality retail sector over the past year, having backed Italian luxury leather goods producer Il Bisonte and acquired UK luxury rug retailer The Rug Company.

Previous funding
Palamon and Sirius Equity acquired a majority stake in Feelunique in December 2012, in a deal valuing the business at £26m.

Since the original deal, the company has launched a Chinese website and undertaken an acquisitive growth strategy, bolting on French perfume retailer Parfumeries Rive Droite in November 2015.

Feelunique has also invested in a new UK distribution centre and made a number of appointments to its management team.

Company
Founded in 2005 and headquartered in Jersey, Feelunique is an online cosmetics retailer. The company generated revenues of £65m in the year to March 2016, up 23% on the previous year's figure.

People
Palamon – Ricardo Caupers (partner).
Feelunique – Joel Palix (CEO).

Advisers
Equity – Slaughter & May (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• UK / Ireland
• Consumer
• United Kingdom
• Palamon Capital Partners