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Coty to Acquire 60% Stake in Beauty Startup Younique for $600M

Coty to Acquire 60% Stake in Beauty Startup Younique for $600M

WAVE OF BEAUTY AND PERSONAL CARE SECTOR EXITS The move follows a recent global wave of deals and consolidation in the beauty and personal care market. This week, French leading global beauty company L’Oreal (EPA: OR) said it agreed to acquire the skincare brands CeraVe, AcneFree and Ambi from Valeant Pharmaceuticals (NYSE/TSX: VRX) for $1.3 billion. Valeant also said it agreed to sell Dendreon Pharmaceuticals to Sanpower Group, one of the largest privately owned conglomerates in China, for $819.9 million. Last November, Coty acquired London-based high-end hairstyling brand GHD (Good Hair Day) from private equity firm Lion Capital LLP for $510 million. In September, Los Angeles-based beauty and consumer goods startup The Honest Company, co-founded by actress Jessica Alba and known for its eco-friendly products, was said to be seeking an exit, including a sale of the company. In July, L’Oréal SA (EPA: OR), the world’s leading beauty and cosmetics company, controlled by the family of Liliane Bettencourt, the wealthiest person in France and the wealthiest woman in the world, agreed to acquire IT Cosmetics, a top-selling prestige makeup and skincare brand in the United States, for $1.2 billion in cash. A week earlier, Bain Capital Private Equity and Goldman Sachs (NYSE: GS) agreed to acquire a majority stake in Carver Korea, a leading K-beauty cosmetics company, for over $300 million. Likewise, consumer products giant Unilever (LSE: ULVR) agreed to acquire men’s personal grooming startup Dollar Shave Club (DSC), for $1 billion. A few days earlier in the summer, GHD’s rival Tangle Teezer, a British manufacturer of detangling hairbrushes founded and owned by hair colorist Shaun Pulfrey, was said to have hired investment bank Robert W. Baird & Co. to shop the company for £200 million. In June, billionaire Ronald Perelman‘s Revlon Inc. (NYSE: REV) agreed to acquire Elizabeth Arden Inc. (NASDAQ: RDEN), a legendary global prestige beauty products company with a portfolio of beauty brands sold in over 120 countries, in a deal valued at $870 million. Two weeks earlier, Johnson & Johnson (NYSE: JNJ) agreed to acquire Vogue International LLC, a manufacturer and distributor of salon-heritage hair care and other personal care products, including OGX, FX, Proganix and Maui Moisture, from private equity firm Carlyle Group LP (NASDAQ: CG) and the company’s founder and CEO Todd Christopher, for $3.3 billion. Also in early June, Japanese global cosmetics company Shiseido Co. Ltd. (TYO: 4911) agreed to acquire Gurwitch Products LLC, a Houston, Texas-based marketer of global prestige cosmetics and skincare brands including Laura Mercier and RéVive, from Alticor Inc., the owner of Amway. In May, private equity firm Clayton, Dubilier & Rice agreed to acquire High Ridge Brands Co., which owns a portfolio of personal care brands, from private equity firm Brynwood Partners, for $415 million. In April, Fosun International (HKSE: 0656), one of China’s largest investment firms chaired by billionaire Guo Guangchang, agreed to acquire Israeli cosmetics company Ahava Dead Sea Labs for $77 million. In February 2016, Canadian cosmetics and skincare company Groupe Marcelle acquired Montreal-based Lise Watier Cosmétiques, through an $18 million investment by Caisse de dépôt et placement du Québec (CDPQ),becoming the largest Canadian company in the beauty industry.]]>

Israeli Enterprise Software Provider NICE Systems to Buy inContact for $940M

Israeli Enterprise Software Provider NICE Systems to Buy inContact for $940M

NICE Systems agreed to acquire Nexidia, a leading provider of advanced customer analytics, for $135 million in cash. “This combination creates the deepest and most talented R&D, services and support organization in our industry, allowing us to accelerate our roadmaps and deliver even greater value to our customers,” said Barak Eilam, CEO of NICE. “We strongly believe that this transaction best positions the company to execute on our vision of helping our customers deliver exceptional customer experiences, while rewarding our existing stockholders for the work we have achieved to date,” said Paul Jarman, CEO of inContact. The board of directors of inContact has unanimously approved the transaction. The transaction is expected to close in the second half of 2016, subject to inContact stockholder approval, certain regulatory approvals and other customary closing conditions. The transaction will be funded from NICE’s cash on hand and committed debt financing provided by JPMorgan Chase Bank and Royal Bank of Canada. Jefferies LLC is serving as exclusive financial advisor, and Pillsbury Winthrop Shaw Pittman LLP and Parsons Behle & Latimer are serving as legal advisors, to inContact. inContact (NASDAQ: SAAS) is a cloud contact center software leader, with the most complete, easiest and most reliable solution to help organizations achieve their customer experience goals. inContact continuously innovates in the cloud and is the only provider to offer a complete solution that includes the customer interaction cloud, an expert service model and the broadest partner ecosystem. Recognized as a market leader by Gartner, IDC, Frost & Sullivan, Ovum and DMG, inContact supports over 6 billion interactions per year for enterprise, midmarket, government organizations and business process outsourcers (BPOs) who operate in multiple divisions, locations and global regions. The company was formerly known as UCN Inc. and changed its name to inContact Inc. in January 2009. inContact was founded in 1994 and is headquartered in Salt Lake City, Utah. NICE Systems is a leading global provider of software solutions that enable organizations to take the next best action in order to improve customer experience and business results, ensure compliance, fight financial crime, and safeguard people and assets. NICE’s solutions empower organizations to capture, analyze, and apply, in real time, insights from both structured and unstructured Big Data. This data comes from multiple sources, including phone calls, mobile apps, emails, chat, social media, video, and transactions. NICE solutions are used by over 25,000 organizations in more than 150 countries, including over 80 of the Fortune 100 companies. NICE-Systems has strategic alliances with Boston Consulting Group, Cisco, Deloitte, IBM, IPC, Motorola, PWC, Tata Consulting Services, and Verizon. The company was founded in 1986 and is headquartered in Ra’anana, Israel.]]>