KAO Corporation acquires Molton Brown for £170m
Mergermarket – 07/15/2005
Kao Corporation has acquired Molton Brown for GBP 170m, according to a stock exchange announcement. Molton Brown, the modern luxury goods brand focusing on bath & body, skin and hair care, and which is owned by private equity firm Bridgepoint and management, announces that it has been acquired by Kao Prestige Ltd, a division of Kao Corporation of Japan. The total consideration for 100% of the shares in Molton Brown is GBP 170m (EUR 247m) including repayment of the debt.
Molton Brown was advised by N M Rothschild & Sons, Michel Dyens & Co. and Travers Smith Braithwaite.