Private Equity Firms Invest in Coty

Each of the investors will be represented on the company’s board of directors, according to Coty.

“Coty is an established leader in the global fragrance, beauty and skincare industry, with an impressive collection and diversity of consumer brands,” said Rhône managing director M. Steven Langman. “Rhône is excited to be partnering with Coty, its management team and its shareholders in this transaction and to support Coty in the realization of its strategic plans.”

Berkshire’s managing director Brad Bloom commented, “We are impressed by Coty’s rich heritage, unique culture, and the deep connections its brands have with consumers. We look forward to supporting Coty in this exciting chapter of the company’s growth.”

“This mutually beneficial agreement allows Coty to continue its accelerated growth path organically and externally around the globe,” added Bernd Beetz, CEO of Coty Inc. “By bringing these partners on board, Coty will be in a stronger position to prepare for future and larger acquisitions while maintaining the culture that makes Coty such a unique place in the beauty industry.”