Debt-heavy cosmetics business Coty has picked up a $750m investment from private equity major KKR as it looks to shore up its balance sheet amid losing customers to rival brands. KKR has also signed a memorandum of understanding with Coty that it will buy a stake in the company’s professional beauty and retail hair businesses, including Wella, Clairol, OPI and Ghd, at an enterprise value of $4.3bn.
L&L Partners advised
Primary jurisdiction of deal:
2020-06-02
Deal value: US$ 4.3 billion
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