An investor group led by North Castle Partners, LLC has reached an agreement to acquire an unknown majority stake in Nest New York from Eurazeo SE (ENXTPA:RF) on November 7, 2022. Under the terms of the transaction, an investor group led by North Castle Partners will purchase a majority stake in NEST, with Eurazeo and NEST Founder Laura Slatkin retaining minority ownership positions. The transaction is expected to close at the end of November. Perella Weinberg Partners LP acted as financial advisor to NEST. Branden C. Berns and Steven R. Shoemate of Gibson, Dunn & Crutcher LLP acted as legal advisor to Eurazeo SE (ENXTPA:RF).Mayer Brown LLP acted as legal advisor to Eurazeo SE (ENXTPA:RF).

An investor group led by North Castle Partners, LLC completed the acquisition of an unknown majority stake in Nest New York from Eurazeo SE on December 31, 2022. The deal valued at ?200 million.