Berkshire Partners LLC, the Boston-based private equity firm, and Rhône, a private equity firm with offices in New York and London, have made minority equity investments in Coty Inc., a leading global beauty company. Each of the investors will be represented on the company’s Board of Directors. M. Steven Langman, Managing Director, Rhône stated, “Coty is an established leader in the global fragrance, beauty and skincare industry, with an impressive collection and diversity of consumer brands. We are excited to be partnering with Coty, its management team and its shareholders in this transaction and to support Coty in the realization of its strategic plans.”
“We are impressed by Coty’s rich heritage, unique culture, and the deep connections its brands have with consumers. We look forward to supporting Coty in this exciting chapter of the company’s growth,” says Brad Bloom, Managing Director, Berkshire.
The Coty Beauty brand portfolio is more widely distributed and includes Adidas, ASTOR, Baby Phat, Beyoncé Knowles, Celine Dion, Chupa Chups, David and Victoria Beckham, Esprit, Exclamation, Faith Hill, GUESS?, Halle Berry, Jovan, Kate Moss, Kylie Minogue, La Cross, Lady Gaga, Manhattan, Manhattan Clearface, Miss Sporty, Nautica, N.Y.C. New York Color, Nicole by OPI, OPI, Pierre Cardin, Playboy, Rimmel, Sally Hansen, Stetson, Tim McGraw, TJoy and Tonino Lamborghini.
Source: www.worldpressonline.com
