Exclusive Financial Advisor to Drunk Elephant on Sale of Minority Interest to VMG Partners
Drunk Elephant, a fast-growing prestige skincare brand focused on clean clinical solutions, turned to Financo for assistance in finding an investor to help provide experience and capital to accelerate growth. Drunk Elephant hired Financo to evaluate potential opportunities due to its extensive experience in and knowledge of the beauty space. With the investment from VMG Partners, Drunk Elephant will expand distribution, bolster its infrastructure and management team, and invest in product innovation.
“Being unfamiliar with the capital raising process, we did not initially understand the need for a banker. We thought we could do a deal on our own! However, it quickly became apparent that Financo was an invaluable resource given their knowledge of the beauty space, the investor universe and how to negotiate a deal. Today, we can confidently say that choosing Financo was one of the best decisions that we have ever made for Drunk Elephant. Financo has our highest endorsement and we look forward to working with them again one day.”
– Tiffany Masterson, Founder and CEO and Patrick Beathard, President