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Beiersdorf $550 million acquisition of Coppertone

13/5/2019
Asset acquisition
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$ 550 million

Announced

13/5/2019

Overview:

  • German skin care products company Beiersdorf has acquired US sun care manufacturer Coppertone in a $550 million deal. 
  • Coppertone was sold by German pharmaceutical company Bayer. 
  • Credit Suisse and Perella Weinberg Partners acted as financial advisers for Beiersdorf and Sawaya Partners and Citi advised Bayer. 
  • The transaction is expected to close in the third quarter of 2019. 

Kurt Stumpo - US Editor

Jurisdictions:

United States
Germany

Deal type:

Asset acquisition

Practice area:

M&A

Firms:
Covington & Burling

Party: Bayer AG Na (Seller)

Freshfields Bruckhaus Deringer

Party: Beiersdorf AG ON (Acquirer)

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