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Announced

Completed

Estee Lauder completed the acquisition of Have & Be for $878m.

Financials

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Transaction Value£681m
Consideration TypeCash
Capital Owned33%
Capital Bid For67%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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cosmetics

Cosmetics

Friendly

Majority

Single Bidder

skin care products

Private

South Korea

perfume

Acquisition

Completed

Synopsis

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Estee Lauder, a skincare products manufacturer, completed the acquisition of the remaining shares in Have & Be, the Korean skincare products manufacturer, for $878m. "The Estée Lauder Companies is the ideal home for our brands. Since the beginning of our partnership four years ago, the Company has shared our mission to provide the very best skin care and beauty products to consumers around the world. We are excited about the opportunity to continue this partnership as we continue to innovate and grow our brands globally,” ChinWook Lee, Have & Be CEO.

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