Coty to receive $750 million upfront from Wella sale to KKR

Investing.com -- Coty will receive upfront cash consideration of $750 million from the sale of its Wella business to KKR.

The beauty company will also get 45% of any proceeds from a further sale or an initial public offering of the business, after KKR’s preferred return has been met.

Coty plans to use most of the Wella upfront cash proceeds from this transaction, net of tax, to reduce its short term and long term debt.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.