Fasken acted for the selling shareholders in the sale of a majority interest in DECIEM Beauty Group Inc. (“DECIEM”) acquired by The Estée Lauder Companies Inc. (“ELC”). The purchase price paid at closing was based on an enterprise valuation of C$2.8 billion.
ELC has also agreed to purchase the remaining interests after a three-year period at a purchase price that will be determined based on the future performance of DECIEM.
The selling shareholders were represented by a team led by Blair Horn (M&A), and included Kareen Zimmer (M&A), Amy Carruthers (M&A), Samuel Li (Securities and M&A), Huy Do (Competition), Stephanie Sanger (Corporate Commercial), Michael Liou (M&A), Michael Coburn (Tax), Justine Reisler (Competition), Dierk Ullrich (Corporate Commercial), Enoch Chang (M&A), Myriam Gonzalez (M&A), Ling Wong (Intellectual Property), Richard Berrow (Insurance), Kai Alderson (Environmental), and Jenny Francis (Litigation).
Jurisdiction
- British Columbia
