M&A Deal Summary

Natura Cosméticos SA Acquires Avon Products

On May 22, 2019, Natura Cosméticos SA acquired consumer products company Avon Products from Cerberus Capital Management

Acquisition Highlights
  • This is Natura Cosméticos SA’s 2nd transaction in the Consumer Products sector.
  • This is Natura Cosméticos SA’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2019-05-22
Target Avon Products
Sector Consumer Products
Buyer(s) Natura Cosméticos SA
Sellers(s) Cerberus Capital Management
Deal Type Add-on Acquisition
Advisor(s) Goldman Sachs
PJT Partners (Financial)

Target

Avon Products

London, United Kingdom
Avon brings beauty to the lives of women all over the world. At Avon, beauty means finding the right lipstick shade for a customer; providing an earnings opportunity so a woman can support her family; and enabling a woman to get her first mammogram. It’s about championing economic empowerment and improving the lives of women around the world. Avon Products was founded in 1886 and is based in London, the United Kingdom.

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Buyer(S) 1

Buyer

Natura Cosméticos SA

Itapecerica da serra, Brazil
Category Company
Sector Consumer Products
DESCRIPTION

Natura Cosméticos S.A. or simply Natura is a Brazilian manufacturer and marketer of beauty products, household, and personal care, skin care, solar filters, cosmetics, perfume and hair care products.

DEAL STATS #
Overall 3 of 3
Sector (Consumer Products) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (United Kingdom) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-09 The Body Shop International

England, United Kingdom

The Body Shop is a British iconic brand, focusing on innovative, nature-inspired products. Founded in 1976 by Anita Roddick in Brighton, England, The Body Shop has expanded into a global leader in ethical and natural beauty, with the deep-rooted belief that business can be a force for good. It is now present in more than 60 countries around the world, through various distribution channels including more than 3,000 point of sales and e-commerce.

Buy €1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-03 Aesop

Collingwood, Australia

Aesop is an aspirational, luxury brand, that provides efficacious and sensorial products across multiple beauty and wellness categories, including hair, body, skin, home, and fragrance. The company has delivered significant organic growth while maintaining its strong brand ethos and staying true to its core social and environmental values. Its global footprint of over 395 uniquely designed locations, elegant customer experience, and purpose-driven approach have proven particularly attractive to a loyal and expanding community of customers, and the company is now well-positioned to become a pioneer in the luxury beauty space. Aesop is based in Collingwood, Australia.

Sell $2.5B

Seller(S) 1

SELLER

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.

DEAL STATS #
Overall 43 of 54
Sector (Consumer Products) 2 of 2
Type (Add-on Acquisition) 21 of 27
Country (United Kingdom) 6 of 6
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-02 Frontier Spinning

Sanford, North Carolina, United States

Frontier Spinning is a large U.S.-based producers of cotton and cotton/polyester blend yarns for the knitting and weaving industries and holds market-leading positions in open-end and air-jet spinning. Offering a diverse product line to fulfill the demands of customers worldwide, the yarn produced by Frontier Spinning is used in sportswear, undergarments, socks, sweaters, fleece, denim, and home furnishings.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-09 Axsesstoday

Melbourne, Australia

Axsesstoday is a specialist provider of funding solutions for small to medium-sized enterprises (SMEs) in the hospitality, transport, and other sectors. Axsesstoday has provides a compelling and differentiated value proposition for merchants to offer finance to their end customers for their business-critical equipment needs.

Buy -
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