Slaughter and May is advising the Brazilian cosmetics group Natura on the sale of the Avon International business in Europe, Africa and Asia to Regent, a California-based private equity firm.
Natura and Regent have entered into a binding sale agreement, completion of which is subject to customary conditions including regulatory approvals.
The sale is part of Natura’s “simplification journey” focused on the growth of its operations in Latin America, where Natura will continue to control the intellectual property rights and management of the Avon brand.
Slaughter and May worked as part of an integrated team with Davis Polk & Wardwell LLP and Natura’s internal legal team, led by Itamar Gaino Filho, General Counsel, and Daniela Anversa, a senior in-house lawyer.