Law firm Thrings has advised global beauty products group Coty on its takeover of UK firm Lena White Ltd, the distributor of its nailcare brand OPI.
The acquisition, for an undisclosed sum, will allow Coty to lead the development of OPI, one of its power brands in the UK.
Lena White had been OPI’s UK distributor in the UK into professional and retail beauty channels for the past 30 years. The UK is the brand’s second-largest market.
Coty sells its global beauty and fragrance brands such as Adidas, Calvin Klein, Chloe, Davidoff and Rimmel in more than 130 countries worldwide.
The deal marks the latest development in a commercial relationship between the Thrings and New York Stock Exchange-listed Coty which spans nearly two decades.
The Thrings team advising Coty was led by corporate partner Kate Westbrook, who worked closely with the Coty team, including Nina Moïse, its European legal counsel.
Ms Westbrook, pictured, said: “Coty is an international organisation with a reputation for excellence.
"It was imperative that Coty received accurate legal advice and expert guidance during what was a complex transaction to ensure the safe acquisition of Lena White Ltd and guarantee a satisfactory outcome for everyone involved.
“Thrings prides itself on its ability to forge close and lasting relationships with its clients, and we are delighted to have been associated with Coty for the past 20 years and assisted the organisation at such a key stage in its strategic development.”
The acquisition is the latest deal in what has been an extremely strong start to 2014 for Thrings, which also has offices in Bath, Bristol and London.