Hamburg, December 21, 2021 – Beiersdorf AG announced
today that it has entered into a definitive agreement to acquire Chantecaille
Beaute Inc., USA, a leading prestige beauty company. Depending on the future development of the
Chantecaille business, the enterprise value is between USD 590 million and USD
690 million. The company will continue to be managed separately as a complementary
selective brand in the Beiersdorf Group next to La Prairie. The completion of
the transaction is subject to merger control clearance as well as further
customary closing conditions and is expected to close in the first quarter of
2022.
Founded by Sylvie Chantecaille
in 1997, Chantecaille offers innovative skin care, fragrance and cosmetics
products based on botanical ingredients combining efficacious formulas with a
strong focus on sustainability and philanthropy. The company is headquartered
in New York with global presence and a particular strength in North America and
Asia. In 2021, it is expected that Chantecaille will generate global sales in excess of USD 100 million.
“Through the acquisition of
Chantecaille, we are bolstering our portfolio in prestige beauty and
strengthening our position, especially in the United States, China and Korea,
which is a priority of our C.A.R.E.+ strategy,” said Vincent Warnery, Chief
Executive Officer of Beiersdorf. “We are
pleased to welcome Chantecaille and its dedicated team to the Beiersdorf
family. With its strong philanthropic approach, Chantecaille is a clarion voice
for global environmental concerns and supports conservation efforts around the
world that are in line with Beiersdorf’s sustainability agenda CARE BEYOND
SKIN.”
“We looked very carefully
for a great steward that could help take Chantecaille to the next level and
continue to further Chantecaille’s acceleration as a leader in natural beauty. The
fact that Beiersdorf shares the same core values made them an ideal choice,”
said Sylvie Chantecaille, CEO and founder of Chantecaille.
Lazard acted as financial
advisor to Beiersdorf, while Freshfields Bruckhaus Deringer provided legal
advice. Jefferies acted as financial advisor to Chantecaille, while Kirkland
& Ellis provided legal advice.