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New Deal


Announced

HUL to acquire VWash from Glenmark Pharmaceuticals.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

India

Private

Acquisition

Pending

Personal Products

Single Bidder

intimate hygiene

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Synopsis

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Hindustan Unilever, a British-Dutch manufacturing company headquartered in Mumbai, India, agreed to acquire VWash, an intimate hygiene brand, from Glenmark Pharmaceuticals, a pharmaceutical company. Financial terms were not disclosed. "The acquisition of VWash gives us an entry into the currently underpenetrated and rapidly growing female intimate hygiene segment. The brand has a leadership position and fits well into the white spaces in our Beauty & Personal Care business. We look forward to completing the acquisition and strongly believe HUL is well-positioned to further scale up this business, given the strength of our market development and distribution capabilities," Sanjiv Mehta, HUL Chairman & Managing Director.

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