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Colgate to Acquire Laboratoires Filorga Cosmétiques for EUR 1.5m
Tuesday 16 July 2019

16 July 2019 - New York, US-based consumer products company Colgate-Palmolive Company (NYSE: CL) has agreed to acquire the skin care business of France-based Laboratoires Filorga Cosmétiques to expand its portfolio in premium skin care, the company said.

Colgate-Palmolive will acquire the skin care business for an equity purchase price of EUR 1,495.5m (USD 1,690m). The transaction will be financed with a combination of debt and cash and is currently expected to close in 3Q19.

Colgate-Palmolive is focussed on oral care, personal care, home care and pet nutrition.

Filorga is a premium anti-aging skin care brand focussed primarily on facial care. Originally founded in France in 1978, the brand is now sold in over 60 countries with its largest markets being France, Italy, Spain and Greater China.

The Filorga brand leverages a multi-channel distribution strategy across pharmacy, online, speciality stores and travel retail.

Wachtell, Lipton, Rosen and Katz and CMS Francis Lefebvre Avocats acted as legal advisors and Citi acted as financial advisor to Colgate-Palmolive on the transaction. Bredin Prat acted as legal advisor and Goldman Sachs and BNP Paribas acted as financial advisors to Filorga Initiatives on the transaction.
Details
Date Published: 16/07/2019
Target: Laboratoires Filorga Cosm, étiques /skin care business
Country: France
Sector: Consumer Products
Type: Corporate acquisition
Financing: Cash and Stock
Status: Agreed
Vendor: Laboratoires Filorga Cosm, étiques
Buyer: Colgate-Palmolive Company
Buyer Advisor: Wachtell, Lipton, Rosen and Katz , CMS Francis Lefebvre Avocats , Citi
Comment:
Terms of the deal were not disclosed

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