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, valuing the businesses at USD 4.3 billion on a cash- and debt-free basis. KKR will own 60% of this separately managed entity and Coty will own the remaining 40%.
Bär & Karrer acted as Swiss legal advisor to Coty. The team included Christoph Neeracher (pictured), Thomas Rohde, Yves Suter and Li Wei Dutler (all m&a), Charles Gschwind (real estate), Laura Widmer (employment), Ruth Bloch-Riemer and Angelica Schwarz (both social security & pension), Rashid Bahar (banking & insurance), Tobias Rebmann (competition law) as well as Michael Rohrer and Anja Fuchs-Hodel (both corporate & commercial).
Skadden acted as international legal advisor to Coty in this transaction.