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Castanea Acquires Minority Stake in First Aid Beauty

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By: TOM BRANNA

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Castanea Partners has acquired a minority interest in First Aid Beauty, also known as FAB. Terms of the transaction were not disclosed. FAB, founded in 2009 by beauty industry veteran Lilli Gordon, is distributed through Sephora, as well as other domestic and select international beauty retail and e-commerce retailers. Steve Berg, managing partner at Castanea, and Janet Gurwitch, operating partner at Castanea and founder and former CEO of Laura Mercier, will be joining Clive Bode and Karen...

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