Professional Beauty

KKR snaps up Coty’s Professional Beauty arm

KKR snaps up Coty’s Professional Beauty arm

Coty has announced a strategic partnership with KKR, which will see the global investment firm invest US$750 million through the purchase of convertible preferred shares in Coty. In addition, the duo signed a memorandum of understanding under which, KKR will acquire a majority stake in Coty’s Professional Beauty and Retail Hair Businesses at a contemplated enterprise value of US$4.3 billion.

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