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Dentons Global Advisors handles Aurelius, pan-European alternate investment fund, as it acquires The Body Shop beauty brand from Natura & Co for $260M.
Anita Roddick launched TBS in 1976 from a small shop in Brighton, UK, that sold non-cruelty and ethically-made products.
Headquartered in London, TBS employs more than 7,000 staff at 900 stores in 90 markets. There are also 1,600 franchised outlets in 70 markets.
Aurelius sees an opportunity to revitalize a global brand with impressive consumer recognition.
“We are delighted to be undertaking this acquisition of an iconic British brand, which pioneered the cruelty-free and natural ingredient movement in the health and beauty market,” said Tristan Nadler, partner at Aurelius.
The investment firm “looks forward to working with TBS CEO Ian Bickley and his team to drive operational improvements and re-energize the business, and help to deliver the next chapter of success,” added Nagler.
The transaction is expected to close in December.
Dentons Global Advisors has Humza Vanderman and Methuselah Tanyanyiwa repping Aurelius, while Brunswick Group works for Natura.
Longacre Square Partners represents Ancora Holdings as it urges the board of Big Yellow Group to conduct a strategic review of the UK’s No. 1 self-storage company.
Kekst CNC handles Getty Images as it begins a prepackaged Chapter 11 reorganization and receives a commitment from Koch Equity Development and the Getty family to invest $533M in the visual content company.
As capital concentrates among established firms, emerging managers must find new ways to earn investor confidence.
Teneo handles True Food Kitchen as the Scottsdale, AZ-based wellness food restaurant chain that counts Oprah Winfrey as a minority investor files for Chapter 11.
FGS Global and Teneo represent Canada’s billionaire Weston family as its Wittington Investments holding company acquires Boots Group, the 177-year-old UK health & beauty retailer, from Sycamore Partners for $8.9B.
