SHARE

PAI Partners acquires majority stake in Beautynova

PAI Partners has acquired a majority stake in the Italian hair care platform Beautynova from its current owner, Bluegum Capital Partners. Terms of the deal were not disclosed, but Bluegum will maintain a “significant” stake in the business.

Certification Note

Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.