{"id":138794,"date":"2024-04-29T11:27:43","date_gmt":"2024-04-29T09:27:43","guid":{"rendered":"https:\/\/luxus-plus.com\/l-catterton-acquires-a-stake-in-kiko-milano\/"},"modified":"2024-04-29T11:30:33","modified_gmt":"2024-04-29T09:30:33","slug":"l-catterton-acquires-a-stake-in-kiko-milano","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/l-catterton-acquires-a-stake-in-kiko-milano\/","title":{"rendered":"L Catterton acquires a stake in KIKO Milano "},"content":{"rendered":"

L Catterton, the consumer investment fund that bought (among others) the German sandal brand Birkenstock, has signed an agreement with the Percassi family, founders of cosmetics brand KIKO Milano. By acquiring a majority shareholding in the highly popular young brand, already present in 66 countries, the Percassi family aims to further expand its presence.<\/h4>\n

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L Catterton<\/strong> announced on Friday April 26 that it had reached a definitive agreement to acquire a majority stake in Italian beauty brand KIKO Milano<\/strong> from the Percassi founding family<\/strong>. The Percassi family will retain a significant stake, as well as responsibilities<\/strong> within the company<\/strong>. Antonio Percassi<\/strong> will remain President<\/strong> of the company, while Simone Dominici<\/strong>, CEO until 2022, will continue to lead the existing team.<\/p>\n

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While the terms of the transaction were not disclosed, Reuters<\/strong> quoted a source close to the matter as saying that the value of the Italian accessible make-up label would be around 1.4 billion euros ($1.5 billion), including debt.<\/strong><\/p>\n

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L Catterton was assisted by Bonelli Erede<\/strong> as legal advisor and PriceWaterhouseCoopers<\/strong>, and the Percassi family by BofA Securities, Intesa Sanpaolo (IMI Corporate & Investment Banking division), BNP Paribas, the law firm Gatti Pavesi Bianchi Ludovici and Deloitte.<\/strong><\/p>\n

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Fishing for pearls<\/h2>\n

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The investment fund, the result of the merger between the Catterton LVMH investment fund and Bernard Arnault’s family<\/strong> holding company, continues to go pearl-hunting on the Old Continent in the consumer goods sector, where it is the leader…<\/p>\n

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