Jul 18, 2023 · Coty will sell a 3.6% stake in Wella for $150 million, subject to the completion of due diligence, reflecting a 4% premium to the book value of Wella as of March 31, 2023.

Taking into account Coty’s retained 40% Wella stake (initially valued at $1.3 billion), the Company’s economic net debt will stand below $4.0 billion, a substantial reduction that will enhance Coty’s flexibility to invest behind key brands and navigate a …

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.

Jul 18, 2023 · Coty is selling a 3.6 per cent stake in haircare brand Wella — worth $150 million — to investment firm IGF Wealth Management as part of its deleveraging strategy. After the transaction closes, Coty will retain a 22.3 per cent stake in …

Jul 18, 2023 · Coty has struck a deal with investment firm IGF Wealth Management to sell 3.6% of its retained Wella stake. Once the US$150m portion is sold, Coty will retain a 22.3% stake in the hair care company, valued at around $900m, which …

Oct 8, 2021 · Coty swapped around 9% of its stake in Wella with KKR for some of the cosmetic maker's shares the buyout firm owns, valuing the deal at $426.5 million. Coty will redeem about half of KKR's outstanding convertible preferred shares and accrued dividends as payment.

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.

Coty Inc <COTY.N> is selling a majority stake in its hair and nail care business to U.S. buyout firm KKR & Co Inc <KKR.N> for $3 billion in cash, well below what it was valued before the...

Beauty, personal care, and cosmetics company Coty (COTY 0.67%) is spinning off its Wella division into a standalone company as part of a $4.3 billion investment deal with global equity firm KKR.