M&As this week: Warpaint London, Cosmax

Warpaint London is set to acquire Retra Holdings from Kai Arter, Linda Arter, Steven Richardson, and Finance Yorkshire Equity to expand its product range.

The purchase consideration for the transaction will include £16.2m ($21.36m) paid in cash and £2m ($2.63m) to be paid through the issue of new ordinary shares.

Retra Holdings manufactures and sells cosmetics and seasonal gifts.

Cosmax has reached an agreement to acquire US-based cosmetics manufacturer Nu-World Corporation for $50m.

The acquisition is being made to expand Comax’s nail products, diversify its business models, reduce manufacturing costs, and increase exports.

Based in South Korea, the firm manufactures and distributes cosmetics products.