L Catterton, backed by LVMH, acquires a majority stake in Italian beauty brand Kiko with €500m ($538m) financing.
L Catterton, backed by LVMH, acquires majority stake in Italian beauty brand Kiko with €500m ($538m) debt financing arranged by Barclays and UniCredit. The Percassi family, Kiko's founders, retain a significant stake post-deal. Kiko, founded in 1997, has a global revenue of around €800m ($861m) and a network of 1,100 stores in 66 countries. L Catterton has invested in over 30 beauty brands worldwide.
May 03, 2024
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