Add-on Acquisition • Healthcare Services

L Oreal Acquires Herbal Magic

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

Acquisition Context
  • This is L Oreal’s 2nd transaction in the Healthcare Services sector.
  • This is L Oreal’s 4th largest (disclosed) transaction.
  • This is L Oreal’s 1st transaction in Canada.
  • This is L Oreal’s 1st transaction in Ontario.

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M&A Deal Summary

Date April 8, 2014
Target Herbal Magic
Sector Healthcare Services
Buyer(s) L Oreal
Sellers(s) EQT Private Capital Asia
Deal Type Add-on Acquisition
Deal Value 843M USD

Target Company

Herbal Magic

Mississauga, Ontario, Canada
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 Overview 1

Buyer

L Oreal

Clichy, France

Category Company
Founded 1909
Sector Consumer Products
Employees90,000
Revenue 43.5B EUR (2024)
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 Context for Buyer #
Overall 17 of 35
Sector: Healthcare Services 2 of 3
Type: Add-on Acquisition 15 of 24
State: Ontario 1 of 2
Country: Canada 1 of 2
Year: 2014 1 of 8
Size (of disclosed) 4 of 6
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 Profile 1

SELLER

EQT Private Capital Asia

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT Private Capital 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. EQT Private Capital Asia was formed in 1997 and is based in Hong Kong.


Deal Context for Seller #
Overall 5 of 32
Sector: Healthcare Services 1 of 1
Type: Add-on Acquisition 2 of 11
State: Ontario 1 of 1
Country: Canada 1 of 2
Year: 2014 3 of 6
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-26 Nord Anglia Education

London, United Kingdom

Nord Anglia Education 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. Nord Anglia Education was formed in 1972 and is based in London, United Kingdom.

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 -