Hotline: 1800 102 2007
X
Search Business Opportunities
Jun, 03 2017

Blue Pool Capital to team up with Investindustrial, GP Investments in a bid for L’Oreal’s The Body Shop

European private equity investor CVC Capital Partners is also planning to submit a rival offer ahead of a June 7 deadline for final bids

European private equity firm, Investindustrial has invited the investment vehicle of Alibaba’s founder Jack Ma to submit a joint bid of more than 800 million euros ($900 million) for L’Oreal’s The Body Shop, sources revealed.

Hong Kong-based Blue Pool Capital has been asked to team up with Investindustrial and Brazil’s GP Investments, one of Latin America’s largest private equity firms, in making a bid for the British-based cosmetics retailer, the sources said.

According to sources, "European private equity investor CVC Capital Partners is also planning to submit a rival offer ahead of a June 7 deadline for final bids. Whereas, another buyout firm, Advent, has decided to drop out of the contest.

L’Oreal’s advisor, Lazard, was originally hoping for a valuation close to 1 billion euros for the business, but such a price was challenging given the chain’s recent struggles and poor performance.

The Body Shop has also drawn interest from a handful of industry players including Brazilian make-up firm, Natura Cosmeticos, which took part in the initial stages of the auction.

A spokesperson for Natura said, "The company is constantly looking for business opportunities and it is indeed participating in several of the phases of the process for The Body Shop transaction."

Comment
image
Related opportunities
  • Juices / Smoothies / Dairy parlors
    About Us: The Juice Art, a venture of Sonaya Foodworks, is..
    Locations looking for expansion Delhi
    Establishment year 1982
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Three wheeler (Auto) showroom
    About Us: Funded by Paytm, rocketship.vc & Snow Leopard Technology Ventures,..
    Locations looking for expansion Chandigarh
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 2lac - 5lac
    Space required 00
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Chandigarh Chandigarh
  • Fashion Accessories
    About Us: Franchise Partners Invited for KOREA’S DESIGNER LIFESTYLE BRAND  Beccos, a..
    Locations looking for expansion Delhi
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Skills / Personality Development
    About Us: INIFD Gurukul, a wholly owned concern of NIFD Limited,..
    Locations looking for expansion punjab
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 2lac - 5lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater chandighar punjab
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities