Skadden, Simpson Thacher Advise on KKR-Wella Deal
Skadden, Arps, Slate, Meagher & Flom and Simpson Thacher & Bartlett are advising on a deal in which private equity firm KKR will take a 60% stake in the professional beauty and retail hair businesses owned by New York-based cosmetics company Coty Inc.
The sale includes German hair care company Wella and Clairol brands, for which KKR has agreed to pay $4.3 billion for its majority share.
Coty will receive a $3 billion cash infusion from its divestment.
At a time when...