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L Catterton acquires a majority stake in Kiko Milano

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By

Reuters

Translated by

Cassidy STEPHENS

Published



Apr 26, 2024

Private equity firm L Catterton has announced that it is acquiring a majority stake in family-owned Kiko Milano, in a deal that, according to a source close to the matter, values the accessible Italian make-up manufacturer at around €1.4 billion ($1.5 billion) including debt.

Kiko taken over by L Catterton

L Catterton, which specialises in consumer goods and is linked to the French group LVMH, is buying the stake of the Italian Percassi family, which founded what is now one of the world’s largest private make-up brands in 1997, the two companies said in a joint press release.

 

© Thomson Reuters 2024 All rights reserved.



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