Divestiture • Consumer Products

KKR Acquires Wella Company

On May 11, 2020, private equity firm KKR acquired consumer products company Wella Company from Coty

Acquisition Context
  • This is KKR’s 12th transaction in the Consumer Products sector.
  • This is KKR’s 5th transaction in Switzerland.

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M&A Deal Summary

Date May 11, 2020
Target Wella Company
Sector Consumer Products
Buyer(s) KKR
Sellers(s) Coty
Deal Type Divestiture

Target Company

Wella Company

Petit-Lancy, Switzerland
Wella Company is a global player in the professional beauty and retail hair segments that manufactures and sells hair coloring, haircare, nail coloring as well as hair appliances products to salons and retailers globally. Wella Company is based in Petit-Lancy, Switzerland.
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Buyer Overview 1

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


Deal Context for Buyer #
Overall 342 of 503
Sector: Consumer Products 12 of 16
Type: Divestiture 39 of 54
Country: Switzerland 5 of 6
Year: 2020 13 of 39
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-11 ProSiebenSat.1 Media

Unterfohring, Germany

ProSiebenSat.1 Media is a media company that operates 27 TV channels in 10 countries. The entertainment segment operates free TV stations, such as SAT.1, prosieben, kabel eins, sixx, SAT.1 gold, prosieben MAXX, and kabel eins doku, as well as distributes prosiebenSat.1 HD stations. ProSiebenSat.1 Media was founded in 1984 and is based in Unterfohring, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-12 Colonial First State

Sydney, Australia

Colonial First State is a provider of superannuation, investment, and retirement products to individuals and corporate and superannuation fund investors, as well as being the operator and administrator of investment platforms. Colonial First State was formed in 1988 and is based in Sydney, Australia.

Buy -

Seller Profile 1

SELLER

Coty

New York, New York, United States

Category Company
Founded 1904
Sector Consumer Products
Employees11,791
Revenue 6.1B USD (2024)
DESCRIPTION

Coty is a pure-play beauty company with a portfolio of well-known fragrances, color cosmetics and skin & body care products sold in over 130 countries and territories. Coty was incorporated in 1904 and is headquartered in New York, New York.


Deal Context for Seller #
Overall 1 of 1
Sector: Consumer Products 1 of 1
Type: Divestiture 1 of 1
Country: Switzerland 1 of 1
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-10 Younique

Lehi, Utah, United States

Younique is a disruptive, peer-to-peer e-commerce platform that enables its community of independent presenters to leverage social media to market and distribute Younique’s line of innovative beauty products. Younique offers high-quality cosmetic and skin care products via its approximately 200,000 active presenters, selling in 10 countries. The company's product philosophy focuses on the intersection of science and nature to offer innovative and trend-leading products that support strong brand recognition with loyal presenters and consumers. Younique is a mission-first company, committed to uplifting, empowering and validating women everywhere.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-29 KKW Beauty

Woodland Hills, California, United States

KKW Beauty is a provider of cosmetic products that include skincare, haircare, personal care, and nail products based in Woodland Hills, California.

Buy -