KKR to Work With JPMorgan on Coty Professional Beauty Products Bid --Sky News
February 07 2020 - 01:26PM
Dow Jones News
--KKR & Co. (KKR) has hired JPMorgan Chase & Co. (JPM)
to advise, and potentially finance, a roughly $8 billion bid for
Coty Inc.'s (COTY) haircare brands, which include Clairol, GHD and
Wella, Sky News reported.
--Coty said last year it would seek to sell its professional
beauty and nail-products division.
--Coty could consider single offers for the whole portfolio or
separate bids on some of its assets, including its Brazilian assets
and GHD, Sky News said.
Full story:
https://news.sky.com/story/kkr-lines-up-bankers-for-8bn-wella-and-ghd-takeover-bid-11928515
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
February 07, 2020 13:11 ET (18:11 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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