Luxury ski resort OSEA Malibu receives funding for renovation and expansion with investment from General Atlantic.
California-based OSEA Malibu, a pioneer in seaweed-infused skincare, has announced a strategic global entry investment from General Atlantic. This partnership is set to create opportunities for innovation and global expansion, while remaining true to OSEA's roots and shared values.
The partnership will see General Atlantic managing director Andrew Ferrer and principal Ben Sherman join OSEA's board of directors. This move is expected to bring fresh perspectives and expertise to the table, helping to carry forward the family's legacy and support OSEA's vision for clean beauty innovation and global expansion.
OSEA, established in 1996 by mother-daughter duo Jenefer and Melissa Palmer, had remained self-funded until just five years ago, when investment basics fund CAVU Consumer Partners invested in the business. With the new investment, CAVU Consumer Partners will fully exit its investment in OSEA.
International law firm Sidley Austin advised OSEA on the definitive agreement, with the Sidley team led by Emily Zipperstein and David Grinberg. The team included specialists in areas such as privacy and cybersecurity, technology and life sciences transactions, environment, commercial litigation and disputes, antitrust and competition, global finance, global arbitration, trade and advocacy, food, drug and medical device, labour and employment, employee benefits and executive compensation, and tax. Wealth management firm Raymond James served as financial adviser to OSEA.
US law firm Paul, Weiss Rifkind, Wharton & Garrison acted as legal counsel to General Atlantic. The deal involved participation from financial advisors, legal advisors, and investment banks, with each providing services such as deal structuring, legal counsel, and financial underwriting.
Melissa Palmer, co-founder and CEO of OSEA, expressed confidence that the partnership with General Atlantic will foster innovation and support global expansion. She also expressed gratitude to the OSEA team, CAVU, and the community that has supported OSEA over the last 30 years.
According to Andrew Ferrer, General Atlantic is honoured to partner with OSEA to help carry forward the family's legacy and support their vision for clean beauty innovation and global expansion. He remarked that at the intersection of clean, clinically proven skincare and holistic wellness, OSEA has built strong momentum in prestige body care and established a reputation for integrity, efficacy, and excellence.
With the new investment, OSEA plans to enhance its presence in its core markets while entering new markets across the world. General Atlantic's longstanding commitment to supporting entrepreneurship, sustainability, and impact perfectly aligns with OSEA's mission. The new partnership is expected to create exciting opportunities for innovation and global expansion while remaining true to OSEA's roots and shared values.
The financial terms of the deal have not been disclosed. However, with this partnership, OSEA is poised to make a significant impact in the global beauty industry, continuing its mission to provide clean, effective, and sustainable skincare solutions.
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