NEW YORK - December 1, 2020 -- Coty Inc. (NYSE: COTY) (the “Company”) today announced the completion, on November 30, 2020, of the sale of a majority stake in its Professional and Retail Hair business – including the Wella, Clairol, OPI …

Oct 1, 2021 · NEW YORK-- (BUSINESS WIRE)-- Coty Inc. (NYSE: COTY) ("Coty" or "the Company") today announced a definitive agreement to sell an approximate 9% stake in Wella to KKR in exchange for the redemption of approximately half of KKR’s remaining convertible preferred shares in Coty, reducing its total shareholding in the professional beauty company to …

Jun 1, 2020 · Under the definitive agreement announced today, Coty and KKR have entered into a strategic transaction for Coty’s Professional and Retail Hair business, including the Wella, Clairol, OPI and ghd brands (together, “Wella”), valuing the businesses at $4.3 billion on a cash- and debt-free basis.

On December 1, 2020, Coty completed the sale of the Wella, Clairol, OPI and ghd brands stake to American private equity firm KKR for $2.5bn in cash whilst retaining 40% stake in the standalone company. [2] On October 1, 2021, Coty announced that it would sell an approximate 9% stake to KKR for $426.5 million.

Under the definitive agreement announced today, Coty and KKR have entered into a strategic transaction for Coty’s Professional and Retail Hair business, including the Wella, Clairol, OPI and ghd brands (together, “Wella”), valuing the businesses at $4.3 billion on a cash- …

Mar 1, 2022 · Wella Co., the cosmetics maker owned by KKR & Co. and Coty Inc., plans an eventual initial public offering as demand from beauty salons for professional haircare products recovers. “That’s our ambition,” Wella chief executive officer Annie Young-Scrivner said during an interview in Paris Monday.

Apr 20, 2023 · Wella Company became a standalone business in December 2020 when KKR purchased a 60 per cent stake in Coty’s professional and retail hair business, which included the Wella Professionals, Clairol, Opi and GHD brands, in a …

Oct 1, 2021 · Coty Inc said on Friday it would swap around 9% of its stake in professional beauty business Wella with KKR & Co Inc for some of the cosmetic maker's shares the U.S. buyout firm owns, valuing...

Nov 12, 2020 · Coty Inc. (NYSE: COTY) today announced that the strategic sale of its Professional and Retail Hair business – including the Wella, Clairol, OPI and ghd brands (together, “Wella”) – to KKR is anticipated to complete by November 30, 2020.

On May 11, 2020, private equity firm KKR acquired consumer products company Wella Company from Coty Acquisition Highlights. This is KKR’s 12th transaction in the Consumer Products sector. This is KKR’s 5th transaction in Switzerland.