Leading investment group Eurazeo announced Monday it is acquiring a controlling stake in Beekman 1802, the prestige skin and body care firm that has homed in on the science of goat milk and its skin care benefits. Eurazeo is investing $62 million out of a total of $92 million to acquire a majority stake, alongside co-investors Cohesive Capital Partners and the Cherng Family Trust. Beekman 1802 generates an estimated $75 million to $100 million in sales, and is sold at Ulta Beauty, ulta.com, beekman1802.com, QVC and HSN, and in independent retailers.

Beekman 1802 was founded in 2009 by Dr. Brent Ridge and Josh Kilmer-Purcell shortly after the duo moved from New York City to a farm in Sharon Springs in upstate New York.  A neighboring farmer put a letter in their mailbox asking if his goats could live on the Beekman farm because he was losing his land. Brent and Josh said yes and with this one act of kindness, found themselves with 100 goats—and ultimately a skin care line. @beekman1802

Eurazeo’s investment will support the continued expansion of Beekman 1802 across multiple channels, categories, and geographies, leveraging and further enhancing the brand’s storytelling capabilities and products. As part of Eurazeo’s investment, Marc Rey, former CEO of Shiseido Americas, will join the company’s Board of Directors as Chairman, alongside Adrianne Shapira, Managing Director, and George Birman, Principal at Eurazeo.

“Brent, Josh and the entire Beekman team have created a truly special brand that resonates with today’s beauty consumers seeking aspirational yet accessible products that are clean and effective. With kindness at its core, Beekman is also spreading beauty from within. We are thrilled to partner with Beekman to propel their next chapter of growth, leveraging our deep industry expertise to help them reach consumers on a global scale in the years ahead,” said Adrianne Shapira, Managing Director, Brands.

Brent and Josh added, “When we started Beekman 1802 over a decade ago, we were focused on helping our community; over the years we have been fortunate to grow that community near and far through our unique products that are kind to sensitive skin and our use of Kindness as a framework for wellness and well-being. Today we couldn’t be more excited to embark on Beekman’s next journey together with Eurazeo, a partner with strong brand building expertise that will help us grow our community of neighbors and spread kindness globally.”