The Estée Lauder Companies to Increase Its Ownership in DECIEM
Tuesday, February 23, 2021 5:31PM IST (12:01PM GMT)
ELC will expand its investment in the company behind fast-growing skin care brands The Ordinary and NIOD, and establish terms for full ownership in three years
New York, United States:
The Estée Lauder Companies Inc. (NYSE: EL) announced today that it has entered into an agreement to increase its investment in the Canadian-based, vertically integrated, multi-brand company, DECIEM Beauty Group Inc. (“DECIEM”) from approximately 29% to approximately 76% (the “First Phase”). The transaction is expected to close in the quarter ending June 30, 2021. The Estée Lauder Companies Inc. (“ELC”) has agreed to purchase the remaining interests after a three-year period (the “Second Phase”).
Estée Lauder to pay $1-billion for controlling stake in Toronto skin care company Deciem Beauty Group
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Europe Hotel Transactions Bulletin - Week Ending 19 February 2021
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APG and Singaporean sovereign wealth fund
GIC have agreed to acquire the 200-room
Madrid Edition for a reported
€205 million (~€1 million per room). The forward sale was brokered by
HVS Hodges Ward Elliott. Upon completion, the luxury lifestyle property will be the fourth Edition hotel in Europe, following London, Bodrum, and Barcelona. Institutional investors
KKH Capital Property and US-based
Perella Weinberg Partners originally acquired the 25,000 m
2 site from
Fundacion Montemadrid back in December of 2016 for a reported
€80 million. At the time, the JV planned to convert the then office space into a 180-room hotel at a purchase value of €444,000 per room.
FLSV® Fund Consulting Services, LLC Announces Joe Lacovara Will Be New Head Of Business Operations
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® Fund Consulting Services, LLC ( FLSV
® FCS ), a premier provider of operational and technology consulting services to private alternative investment funds, family offices and investment managers announced today that Joe Lacovara is now the head of business operations and will lead the business going forward. This role was previously held by Julio Garcia. As we sit with investment managers, we have been finding that major areas of focus are on increasing efficiency and profitability through technology and the need for an independent review of systems and reporting with cyber-security concerns on top of mind. Given the current global environment and competitive operating challenges that investment funds face today, we believe that having strong consulting resources to address these technology related challenges is imperative to driving value
UK court orders asset freeze of NMC founder BR Shetty, other company executives
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The order was secured by NMC’s biggest creditor, Abu Dhabi Commercial Bank
by Staff writer
February 16, 2021
A court in London has ordered a worldwide freezing order on the assets of BR Shetty, founder of UAE-based NMC Health, as well as other senior former executives of the company.
The order was secured by NMC’s biggest creditor, Abu Dhabi Commercial Bank (ADCB), which has exposure of more than $1bn to the group,
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