M&A Deal Summary

L Oreal Acquires Herbal Magic

On April 8, 2014, L Oreal acquired healthcare services company Herbal Magic from Baring Private Equity Asia for 843M USD

Acquisition Highlights
  • This is L Oreal’s 2nd transaction in the Healthcare Services sector.
  • This is L Oreal’s 3rd largest (disclosed) transaction.
  • This is L Oreal’s 1st transaction in Canada.
  • This is L Oreal’s 1st transaction in Ontario.

M&A Deal Summary

Date 2014-04-08
Target Herbal Magic
Sector Healthcare Services
Buyer(s) L Oreal
Sellers(s) Baring Private Equity Asia
Deal Type Add-on Acquisition
Deal Value 843M USD

Target

Herbal Magic

Mississauga, Ontario, Canada
website
Herbal Magic is a franchisor of personal health counseling centers, primarily for weight loss. Herbal Magic was formed in 1996 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

L Oreal

Clichy, France

website


Category Company
Founded 1909
Sector Consumer Products
Employees87,369
Revenue 38.3B EUR (2022)
DESCRIPTION

L'Oréal is a global cosmetics company. With a portfolio of dozens of international, diverse and complementary brands, L’Oréal is present across all distribution networks: mass market, department stores, pharmacies and drugstores, travel retail, and branded retail. L'Oreal was founded in 1909 and is based in Clichy, France.


DEAL STATS #
Overall 17 of 33
Sector (Healthcare Services) 2 of 2
Type (Add-on Acquisition) 15 of 23
State (Ontario) 1 of 2
Country (Canada) 1 of 2
Year (2014) 1 of 8
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-09 Nickel SA

Paris, France

Nickel SA manufactures and sells skin care products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-30 Decléor SA

Paris, France

Decléor SA is a manufacturer of cosmetic aromatherapy products.

Buy -

Seller(S) 1

SELLER

Baring Private Equity Asia

Hong Kong, China

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Baring Private Equity Asia is an Asia-focused private equity group specializing in growth equity investments and buyouts of companies valued between $300 million and $1.5 billion. Baring looks for companies that require capital for organic expansion, recapitalizations, or to fund acquisitions. The Group's geographic coverage spans China, India, Japan, Singapore, Hong Kong, and Taiwan. Baring Private Equity Asia was formed in 1997 and is based in Hong Kong.


DEAL STATS #
Overall 5 of 21
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 3 of 8
State (Ontario) 1 of 1
Country (Canada) 1 of 2
Year (2014) 3 of 6
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-26 Nord Anglia Education

Hong Kong, China

Nord Anglia Education, Inc. is an international operator of premium schools, serving students from kindergarten through the end of secondary school (K-12). Together, they educate more than 37,000 students from kindergarten through to the end of secondary education. Providing high-quality education to both expatriates and local students in the markets where it operates, Nord Anglia attracts top teaching talent globally and has established collaborations with leading post-secondary institutions, including The Juilliard School, the Massachusetts Institute of Technology and King's College London.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-22 NetJapan

Tokyo, California, Japan

Net Japan is a major precious metal, jewelry and diamond recycler.

Sell -