LVMH-Backed L Catterton Taps Barclays, UniCredit for Kiko Deal [Yahoo! Finance]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
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Source: Yahoo! Finance
purchase of a majority stake in Italian beauty brand Kiko, according to people familiar with the matter. Most Read from Bloomberg Saudi Arabia Steps Up Arrests Of Those Attacking Israel Online Apple Rallies Most in 18 Months on Upbeat Forecast, Buyback Trump Auditions VP Picks Before Wealthy Donors in Palm Beach Turkey Confirms All Trade Halt With Israel Over War in Gaza Huawei Secretly Backs US Research, Awarding Millions in Prizes Private equity fund L Catterton is backed by luxury giant LVMH Moet Hennessy Louis Vuitton SE, and recently entered into a definitive deal with the Percassi family, the founders of Kiko, to buy a stake in the company. The family will retain a significant stake in the business. Other underwriters on the debt, which will be a bridge loan that will be replaced with a bond, include Deutsche Bank AG and Intesa Sanpaolo SpA, the people said, who asked not to be named discussing a private matter. Spokespeople for Barclays and UniCredit declined
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