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McDermott Advises HLD Group and Didier Tabary in Acquisition of Le Couvent des Minimes

25 Jan 2017

McDermott Will & Emery advised HLD group and Didier Tabary, the shareholders of Filorga and SVR, in their acquisition of Le Couvent de Minimes, a beauty brand specialized in colognes and skincare products.

Created in 2004, Le Couvent des Minimes was, until now, owned by the L’Occitane Group. The brand is currently marketed in 15 countries and has an annual turnover about 10 million euros.

With this transaction, Le Couvent des Minimes will benefit from the selective distribution business model of Filorga and SVR, a presence in 85 countries, as well as significant synergies in the areas of production and research and development.

Following the integration of Le Couvent des Minimes’s, Filorga and SVR are planning to reach a turnover of around 200 million euros at the end of 2017.

The multi-disciplinary McDermott team was led by corporate partner Grégoire Andrieux, and included corporate associates Nicolas de Courtivron and Claire Barra, IP counsel Laura Morelli and IP associate Charles de Raignac as well as employment associate Ludovic Bergès.

McDermott’s Corporate & Transactional Practice represents business interests around the world, from global corporations and industry-leading companies to privately funded and entrepreneurial driven enterprises, private equity sponsors and the financial institutions that support them. McDermott consistently ranks in the leading league tables, including Mergermarket, Thomson Reuters, Bloomberg and PitchBook. The Corporate & Transactional Practice Group was named “Team of the Year” for Middle Market M&A/Buyouts by The Legal 500 and is highly ranked by Chambers in the United States, Germany and the United Kingdom.

Matter Type
M&A: Acquiror's Counsel
Fund/Investment Management
News Category