Ulta Beauty has announced the acquisition of British beauty retailer Space NK Limited from Manzanita Capital, a beauty sector specialist investor, with a long-term investment horizon. Financial terms of the transaction were not disclosed. “We are excited to enter the U.K. market via the Space NK banner,” says Kecia Steelman, president and chief executive officer of Ulta Beauty. “International expansion is an integral part of our Ulta Beauty Unleashed plan, and the acquisition of Space NK offers a unique and strategically compelling opportunity to enter the growing U.K. market with a successful and growing brand. Along with our initiatives in Mexico and the Middle East, we are creating a broader platform for Ulta Beauty to unlock long-term, profitable growth. Space NK’s management team, with the backing of Manzanita Capital, has done an excellent job building a differentiated beauty experience that inspires consumers through tailored product mixes. We look forward to working with the Space NK team to support their continued growth and success.”