Baker McKenzie has advised Maesa and its shareholders (the founders as well as Andera, Tikehau Capital and BNP Private Equity) in the signature by Bain Capital Private Equity of a definitive agreement to acquire a majority stake in the group. In the context of the LBO, the founders and managers of the company will keep 25% of the new entity (excluding management package).
Based in New York and Levallois Perret, Maesa is the global leader of make-up brands for major retailers. Founded in France in 1997, the group now has more than 300 employees working in seven offices and is a veritable global beauty brand incubator, supplying leading retailers and beauty companies operating worldwide.
This LBO will allow Maesa to embark upon a new phase in its development.
The operation is subject to regulatory approval and should be carried out before the summer.
The Baker McKenzie team was led by Matthieu Grollemund, partner, Hélène Parent, senior associate, and Madalina-Georgiana Asandului, associate, who were consulted on corporate aspects, Guillaume Le Camus, partner, and Charles Baudoin, counsel, worked on tax aspects and Jérémie Paubel, partner, on employment aspects in Paris. Jean-François Findling, partner from the corporate practice in Luxembourg, Steven Schneider and Christopher Guldberg from the tax practice in Washington and Chicago, Steven Canner from the corporate practice in New York, Robert Lewis from the employment practice New York and Richard Cook from the employment practice in London were also consulted.