TIGI joins forces with Unilever
Press Release. 01/26/09
Unilever, one of the world's largest consumer goods companies, announced today that it has signed an agreement to acquire the global TIGI professional hair product business and its supporting advanced education academies for a cash consideration and debt free basis of $411.5 million. In addition, further payments related to future growth may be made contingent upon meeting certain thresholds.
Michel Dyens & Co. acted as the exclusive financial advisor to TIGI in this transaction.
Subject to regulatory approval, the deal is expected to be completed by the end of March 2009.