Creades completed the acquisition of a 40% minority stake in Lumene from Verdane for $142m.

Creades, an investment firm, completed the acquisition of a 40% minority stake in Lumene, a cosmetics company, from Verdane, an investment firm, for $142m. “We are proud of the progress Lumene Group has made throughout our partnership, growing into a leading player in sustainable beauty. With Creades as a new partner, Lumene Group is well positioned to continue its success story. Under the leadership of Adrian and the wider management team, Lumene Group has grown to become a leader in the beauty industry. We’ve worked closely with the business since 2021 and look forward to continuing our partnership,” Cecilia Nytorp, Verdane Principal.