Leading global law firm Baker McKenzie advised KKR in connection with a US $4.3 billion investment deal in multinational cosmetics and beauty company Coty Inc. The deal, announced on 12 May 2020 and signed on 2 June 2020, will see KKR acquire 60% stake in Coty’s professional beauty and retail haircare division businesses, which includes iconic brands such as Wella, Clairol, OPI and ghd. At the same time, KKR will purchase $750 million of Series B Convertible Stock of Coty and a further $250 million of Series B Convertible Stock.

The Baker McKenzie team was led by London-based EMEA Private Equity Chair Karen Guch alongside Partner Jannan Crozier, Senior Associate Dewi Evans and Associates Kata Szeidovitz and Alex Ydstie, supported by a team of specialists.

Commenting on the deal Karen Guch said: "We are delighted to be acting for KKR on this transaction. This deal is right in our sweet spot as a firm - a complex multijurisdictional acquisition and carve out - and playing to our deep industry experience in the consumer space."

This is the latest example of Baker McKenzie's work in advising on complex transactions in the consumer space, including most recently advising Puig on its acquisition of Charlotte Tilbury, MagicLab's $3BN Sale to Blackstone and advising Unilever on its acquisition of Lenor Japan as well as on the disposal of its direct application laundry business in Central America.
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