Piper invests in Vieve
Context
Announced in December 2025, the growth capital transaction orchestrated by Piper secures a minority equity investment in VIEVE to fund the international scaling of the cosmetics brand. The investment syndicate led by Piper includes participation from existing institutional shareholders Venrex, Pembroke VCT, and Active Partners. At the time of this capital injection, VIEVE demonstrated substantial commercial progression, reaching a forecasted annual revenue of £5–25M. Corporate governance at VIEVE is strengthened concurrently with the investment through the appointment of Julian Granville as Chairman, who contributes extensive retail leadership experience as the Executive Chairman of Boden and former Chairman of Monica Vinader. Julian Granville will collaborate directly with Founder and Chief Creative Officer Jamie Genevieve to guide the corporate expansion and international rollout of VIEVE. Under the strategic direction outlined by Piper partner Dan Stern, the newly injected equity is earmarked to accelerate global market penetration, with an operational priority placed on expanding commercial distribution across the United States. In parallel with international e-commerce deployment, VIEVE plans to establish new physical retail doors and accelerate wholesale momentum through its existing distribution relationships with Space NK, Cult Beauty, and Sephora. The allocated growth capital will also finance ongoing product innovation within the hybrid makeup segment, enabling VIEVE to engineer proprietary formulations that merge cosmetic performance with clinical skincare properties. Furthermore, VIEVE will allocate resources toward scaling its VIEVE Pro community, establishing structured mentorship initiatives and specialized professional masterclasses for commercial makeup artists. Through this financing round, Piper reinforces its investment focus on founder-led consumer enterprises, providing VIEVE with the institutional backing necessary to expand its commercial footprint across North America and Europe.
By taking control of Vieve, Piper continues its expansion strategy. Previously, the group had completed 3 acquisitions, including Yard Sale Pizza in 2025.
-> Deep-dive in Retail & Consumer market trends
Target
Since its launch in 2020 by Scottish makeup artist Jamie Genevieve, VIEVE develops and formulates hybrid cosmetic products that combine skincare ingredients with color cosmetics. The product line is anchored by its award-winning Skin Nova formulation, engineered to provide targeted hydration and cosmetic priming for daily makeup routines. Rooted in the founder's early experience across beauty counters in Glasgow, the brand pairs educational tutorials with cosmetic sales to serve everyday consumers and professional artists. Commercial distribution relies on proprietary direct-to-consumer digital channels and an experiential retail store in Glasgow, which hosts customer masterclasses alongside residencies for local businesses. Customer loyalty is sustained by an audience of over 2 million followers across Instagram and YouTube, yielding a Net Promoter Score of 84 and a verified product satisfaction score of 9.5 out of 10. Beyond brand operations, Jamie Genevieve serves on the Advisory Board of the British Beauty Council, contributing to its Future Talent Programme and Student Shadow Board.
Ent. Value
[members only]
Equity Value
[members only]
Multiples
EV / Revenue
[members only]
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (GBP)
Other operations with Piper
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 10/2026 | PIPER | REEVE THE BAKER | UNITED KINGDOM | Restaurants / Chains |
| 12/2025 | PIPER | BOROUGH BROTH | UNITED KINGDOM | Food Products |
| 04/2025 | PIPER | YARD SALE PIZZA | UNITED KINGDOM | Restaurants / Chains |
| 11/2024 | PIPER / COOL JAPAN FUND | INSIDE TRAVEL GROUP | UNITED KINGDOM | Tour Operators |
| 07/2024 | PIPER | MARTIN RANDALL TRAVEL | UNITED KINGDOM | Tour Operators |
| 02/2016 | PIPER | MONICA VINADER | UNITED KINGDOM | Watches & Jewelry |
Similar deals in Consumer Products
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 01/2026 | HIGHLINE WARREN | SPRAYWAY | UNITED STATES | Cleaning Products |
| 01/2026 | QUADRIVIO GROUP | LES SECRETS DE LOLY | FRANCE | Hygiene & Beauty Brands |
| 12/2025 | HSG (FORMERLY SEQUOIA CAPITAL CHINA) | GOLDEN GOOSE | ITALY | Fashion & Apparel |
| 12/2025 | NVM PRIVATE EQUITY / ECOMPLETE | NOTED AROMAS | UNITED KINGDOM | Hygiene & Beauty Brands |
| 12/2025 | KKR | WELLA | SWITZERLAND | Hygiene & Beauty Brands |
| 10/2025 | ID UNLIMITED | POLYGRAPHIC | NETHERLANDS | Other Sports |
| 10/2025 | FRENCH FOOD CAPITAL / BPIFRANCE | SABRE PARIS | FRANCE | Home & DIY |
| 09/2025 | PLATINUM EQUITY | XD CONNECTS | NETHERLANDS | Consumer Products |
| 08/2025 | KKR | KARO HEALTHCARE | SWEDEN | Hygiene & Beauty Brands |
| 06/2025 | KONTOOR BRANDS | HELLY HANSEN | NORWAY | Fashion & Apparel |
REFERENCES
Revenue range: REV £5–25M
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Vieve by Piper are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: vieve
FAQ
What transaction does this page cover?
What was Vieve’s revenue at the time of the deal?
What sources support the information on this transaction?
What is mynth?