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Buyout firms and rivals on the short list of potential bidders.
February 19, 2020
By: Happi Staff
Bloomberg is reporting that Coty has embarked on the sale of its professional unit, and potential buyers include Bain Capital, Clayton, Dubilier & Rice, KKR and Cinven, citing unnamed sources with knowledge of the matter. In addition, rivals Henkel and Unilever are listed as potential bidders. Coty’s professional hair and nail business is likely to pull in $7-8 billion, according to some estimates. The unit includes high profile brands like Wella, OPI, Nioxin, Sebastian Professional and others. Coty was ranked No. 5 in Happi's 2019 Top 50 Report.
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