M&As this week: Catterton Management, Edgewell, Eurofragrance

Catterton Management Company LLC and Affinity Equity Partners intend to acquire 70% interest in Nanda Co Ltd.

L Catterton and Affinity Equity Partners are private equity firms headquartered in the US and Hong Kong respectively.

L’Oreal and Shiseido also plan to buy a stake in Nanda.

Based in South Korea, the target company manufactures cosmetics and women’s apparel.

Edgewell has agreed to acquire Jack Black for an undisclosed sum in a transaction that will be funded through operating cash-flow.

Based in the US, Jack Black is a consumer products manufacturer founded by Curran Dandurand, Jeff Dandurand and Emily Dalton in 2000.

The transaction is scheduled for completion by the second quarter of 2018, subject to US anti-trust clearance.

Moelis & Company is the financial advisor to Edgewell, while Piper Jaffray & Company is the financial advisor to Jack Black for the transaction.

Eurofragrance SL has completed the acquisition of a majority stake in US-based perfume manufacturer Fragrance Design LLC.

Eurofragance will retain the existing staff of Fragrance Design and provide financing for the development of the company.

Founder of Fragrance Design, William L Hamilton will continue as general manager and hold a minority stake in the firm.

Eurofragrance aims to expand its presence in the US and fortify its position in the body care and household sectors through the transaction.