UK-based private equity firm Permira Advisers will acquire a majority stake in John Masters Organics (JMO) as part of a deal worth JPY37bn ($335.96m).
JMO, a hair and skin care products producer and supplier, intends to expand its global business through the purchase. The two premium brands owned by the company include John Masters Organics and Styla.
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Under the terms of the transaction, the founders of JMO and Styla will continue to play a significant role in business operations.
Gerdau is to sell its Spanish steel operations to investment company Clerbil to focus on its other more profitable business lines.
The €155m ($173.78m) deal is expected to be closed by July, subject to Spanish Competition Authority approval.
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After five years, the consideration may increase by an additional €45m ($50.45m) depending on the company’s business performance.
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By GlobalDataClarins, a French luxury cosmetics company has formed a partnership with Spain’s PUJOLASOS wood & pack to create an attractive packaging for its newly launched fragrance.
PUJOLASOS wood & pack specialises in wooden packaging components, such as wooden perfume and cosmetic caps.
It has been selected to design the packaging for the Azzaro Solarissimo perfume.
Future Consumer Enterprise Limited (FCEL), a company based in India, will raise funds by issuing compulsorily convertible debentures (CCDs) to International Finance Corporation (IFC).
The CCDs will be offered in a transaction that is subject to customary closing conditions.
The offering will raise a total of Rs1.34bn ($20m), which will be used to fund the company’s expansion plans.
Under the terms of the offering, the debentures can be converted into equity shares within 18 months of being issued.
An additional 100 equity shares will be issued by the company to IFC at a price of Rs22.73 ($0.33) a share.
Image : PUJOLASOS wood & pack will develop the packaging for Clarins’s Azzaro Solarissimo fragrance. Photo: courtesy of PUKOLASOS wood & pack.
