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Bain Capital Eyes FineToday Shampoo Giant
1 Feb
Summary
- Bain Capital is finalizing plans to acquire FineToday.
- The deal for the Tsubaki shampoo owner is valued at $1.29 billion.
- CVC Capital Partners plans to divest all its shares.
Bain Capital has reportedly finalized its plans to acquire FineToday Holdings, a prominent Japanese personal care company known for its Tsubaki shampoo brand. The transaction is anticipated to be valued at approximately 200 billion yen, which is equivalent to $1.29 billion.
This significant acquisition is being facilitated by CVC Capital Partners, which intends to divest all of its shares in FineToday. The deal marks a major development in the personal care industry, signaling a change in ownership for a widely recognized brand.
Reuters was unable to immediately verify the details of this reported transaction. The exact timeline for the finalization of the deal remains undisclosed.
