Nexus Capital Management Acquires 65% Stake in Dollar Shave Club from Unilever
October 30, 2023
Nexus Capital Management will acquire a 65% majority stake in Dollar Shave Club from Unilever, with Unilever retaining a 35% minority holding. Financial terms were not disclosed; the transaction is expected to close this year subject to customary conditions. Nexus said it will invest in marketing, product innovation and use Dollar Shave Club as a platform for additional brands.
- Buyers
- Nexus Capital Management
- Targets
- Dollar Shave Club
- Sellers
- Unilever
- Industry
- Consumer Products
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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