KKR to acquire an additional 9% stake in Wella from Coty for $427m.

KKR agreed to acquire an additional 9% stake in Wella, a haircare brand, from Coty, one of the world’s largest beauty companies, for $427m. "The agreement we have reached with Coty enables each party to recognize the significant value and growth created in each of the two businesses over the past year, while allowing KKR to increase its interest in Wella, which is our focus. We continue to see meaningful opportunities to accelerate growth at both Wella and Coty and look forward to our enduring collaboration," Johannes Huth, KKR Partner and Head of EMEA Operations.