M&A Deal Summary

L Occitane Acquires ELEMIS

On January 13, 2019, L Occitane acquired consumer products company ELEMIS from Steiner Leisure for 900M USD

Acquisition Highlights
  • This is L Occitane’s 1st transaction in the Consumer Products sector.
  • This is L Occitane’s largest (disclosed) transaction.
  • This is L Occitane’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2019-01-13
Target ELEMIS
Sector Consumer Products
Buyer(s) L Occitane
Sellers(s) Steiner Leisure
Deal Type Divestiture
Deal Value 900M USD
Advisor(s) Jefferies
Nomura Investment Bank (Financial)
Kirkland & Ellis (Legal)

Target

ELEMIS

London, United Kingdom
ELEMIS Ltd. is a manufacturer of skincare products for the beauty industry worldwide. ELEMIS Ltd. was founded in 1990 and is based in London, United Kingdon.

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Buyer(S) 1

Buyer

L Occitane

Luxembourg, Luxembourg
Category Company
Founded 1976
Sector Consumer Products
Employees9,255
Revenue 2.5B EUR (2024)
DESCRIPTION

L'Occitane is an international manufacturer and retailer of skincare, body care, fragrance and hair care. L'Occitane International was incorporated in 1976 and is based in Luxembourg City, Luxembourg.

DEAL STATS #
Overall 1 of 3
Sector (Consumer Products) 1 of 2
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 Sol de Janeiro

New York, New York, United States

Sol de Janeiro is a premium lifestyle skincare brand that creates highly efficacious and sensorial body care, hair care, and fragrance products. Sol de Janeiro was formed in 2015 and is based in New York, New York.

Buy -

Seller(S) 1

SELLER

Steiner Leisure

Nassau, Bahamas
Category Company
Founded 1934
Sector Consumer Products
Employees7,318
Revenue 863M USD (2014)
DESCRIPTION

Steiner Leisure provides beauty, wellness, and education products and services. Steiner Leisure was founded in 1934 and is based in Nassau, Bahamas.

DEAL STATS #
Overall 2 of 3
Sector (Consumer Products) 1 of 2
Type (Divestiture) 1 of 2
Country (United Kingdom) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 OneSpaWorld

Nassau, Bahamas

OneSpaWorld operates health and wellness centers onboard cruise ships and at destination resorts worldwide. Its health and wellness centers offer services, such as traditional body, salon, and skin care services and products; self-service fitness facilities, specialized fitness classes, and personal fitness training; pain management, detoxifying programs, and body composition analyses; weight management programs and products; and medi-spa services. OneSpaWorld is based in Nassau, Bahamas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-17 BlissWorld

Los Angeles, California, United States

BlissWorld is a global iconic skin wellness brand and purveyor of unapologetic happiness. BlissWorld was founded in 1996 and is based in Los Angeles, California.

Sell -
Mergr

Product

Company

Legal