L’Occitane attracts bids from global private equity groups

L’Occitane attracts bids from global private equity groups

French beauty company L’Occitane is said to have attracted bids from global private equity firms such as Advent International, according to the Financial Times.

Interest from Advent International is said to be just one of the likely advances on L’Occitane, worth $2.7bn, with rivals also said to be interested in bidding for the company as well as buyout funds and industry peers.

While it is not known whether there is a formal sales process or if Advent would make a formal bid, a source told the FT, “There are a few taking an early look.”

The buyout process, if successful, will allow any new owners to make ground in the wellbeing and naturals market.

1 Comment

  1. Neil FARMER ASSOCIATES

    I suspect there will be industry companies as well as private equity houses
    who will be taking a close look in L`Occitane and deciding whether it is worth making
    an approach. It is a quality business with an upmarket product range and profile.

    The well being and health offering could be important in all of this.

    Reply

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