M&As this week: Coty and JAKKS Pacific

Coty has announced plans to acquire Jemella (operating as Good Hair Day) from Lion Capital for €420m ($511.72m).

Based in the US, Coty manufactures fragrances, colour cosmetics, and skincare products.

Good Hair Day is a hair styling products manufacturer and retailer, while Lion Capital is a private equity firm. Both the companies are based in the UK.

Following the acquisition, Good Hair Day will operate as a standalone business of Coty’s beauty division and will be managed by the existing management team. Acquisition of Good Hair Day is expected to strengthen Coty’s haircare product portfolio.

JAKKS Pacific has announced the acquisition of Singapore-based kids cosmetics brand C’est Moi.

JAKKS Pacific is a toys and consumer products manufacturer and marketer. The acquisition will help JAKKS Pacific expand its business outside the toy market.