Manzanita Capital explores sales Eve Lom

U.K. private equity firm Manzanita Capital is exploring options including a sale of skincare brand Eve Lom, which is famous for its cleanser balm, according to people with knowledge of the matter.

The London-based buyout firm is working with an adviser to seek a buyer for the asset, which could fetch as much as $200 million in a deal, the people said. The skincare brand has drawn preliminary interest from potential suitors in Asia, said the people, who asked not to be identified as the information is private.

Facialist Eve Lom founded the eponymous brand in the 1980s after she opened her first beauty salon in London and started selling cleansing balm, according to the website of retailer SpaceNK, the parent of Space Brands Ltd, which houses the skincare brand.

Nykaa plans 2022 IPO with $3 Billion valuation

App-based Indian cosmetics retailing startup Nykaa plans to go public by early 2022 at a valuation of more than $3 billion according to a person aware of the matter.

Private equity firm TPG-backed Nykaa’s plans for an initial public offering comes after good subscriptions and successful listings such as Everstone Capital-backed Burger King India, and Blackstone-backed Mindspace Business Parks.

Nykaa also counts India’s Hero Enterprise and Fidelity Management, LLC among its backers, according to media reports.