L'Oreal $1.2 billion acquisition of IT Cosmetics

Overview:

• French company L'Oreal has acquired US-based IT Cosmetics in a $1.2 billion deal.
• The purchase was done entirely in cash.
• Prior to the deal, IT had been backed by private equity firm TSG Consumer Partners.
• Weil Gotshal & Manges (Ellen Odoner, Naomi Munz, Jonathan Calka, Aamir Rahman) advised L'Oreal.
• Sidley Austin (J Mark Metts, Christopher Glass, Katy Lukaszewski, Diane McEnroe) advised IT Cosmetics.

Kurt Stumpo - Journalist - North America and the Caribbean