October 17, 2016 – Coty announced today that it has reached a definitive agreement to acquire ghd, a premium brand in high-end hairstyling appliances, from Lion Capital LLP for approximately $510 million. The transaction will be funded with a combination of cash in hand and available debt facilities. Upon closing, the acquisition is expected to be immediately accretive to Coty’s earnings.
The addition of ghd’s market-leading and high-performance lines of hair straighteners, hairdryers, curlers and other hairstyling appliances is expected to further strengthen Coty’s worldwide leading position in the professional hair category. ghd products represent the…
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