Simpson Thacher is representing affiliates of KKR in connection with the sale by Coty Inc. (“Coty”) of its remaining 25.8% stake in Wella to KKR. Under the terms of the transaction, Coty will receive upfront cash consideration of $750 million and 45% of any proceeds from a further sale or an initial public offering of the business, after KKR’s preferred return has been met.
Wella is an innovative global beauty leader with a portfolio of iconic hair, nails and beauty tech brands for industry professionals and consumers, including Wella Professionals, OPI, ghd, Briogeo, Nioxin, Sebastian Professional, and Clairol.
The Simpson Thacher team includes: Johanna Mayer, Marni Lerner and Madeline Moore (M&A – U.S.), Clare Gaskell and Ella Hammond (Corporate – U.K,) Marcy Geller and Alec Jarvis (Tax), Sunny Cheong (Capital Markets).