Private equity company Ekkio Capital has formed a new beauty ingredient supplier, called Sweetch, and acquired three natural ingredients companies for its portfolio.
Sweetch, helmed by Tony Jaillot, who was most recently Global Vice President at Univar Solutions, focuses on natural and sustainable technologies, according to the French firm.
For launch, it has onboarded natural ingredients player Gobiotics, a Dutch company specialising in the skin microbiota.
Creathes, a natural delivery systems specialist, and CreaChem, which produces saccharides from chicory roots, beet roots and rice, now also fall under the Sweetch umbrella.
“While there are many great renewable ingredients on the market, we believe that there is a novel way to assemble them into differentiating concepts while bringing new technologies to life, from untapped food technologies to biotech or even other industries,” said CEO Jaillot.
Thibaud Gachet, Partner Ekkio Capital, added: “Ekkio Capital is thrilled to welcome Sweetch into the portfolio.
“They have a strong strategy in place to fuel growth and offer novel ingredients to the beauty industry that will scale quickly.”
