Nexus Capital Management to acquire a 65% stake in Dollar Shave Club from Unilever.

Nexus Capital Management, a private equity firm, agreed to acquire a 65% stake in Dollar Shave Club, a male grooming products maker, from Unilever, an FMCG company. Financial terms were not disclosed. “We are thrilled to acquire Dollar Shave Club, based on its strong brand loyalty, pioneering DTC model, and omni-channel presence. We see growth potential and will invest in cutting-edge marketing, product quality and new innovations. Dollar Shave Club will also serve as a platform for additional brands with a similar DNA. We are excited to work with Dollar Shave Club employees to drive accelerated growth and welcome Unilever's continued partnership," Michael Cohen, Nexus Capital Partner.