Ohana & Co. advised Mally Beauty on its transaction with Guthy-Renker
Mally Beauty, the iconic color cosmetics brand, has signed an agreement with Guthy-Renker for a minority investment.
Mally Beauty, the iconic color cosmetics brand, has signed an agreement with Guthy-Renker for a minority investment.
Societe Generale, a leading European financial services group, has signed an agreement to acquire Cegelease, a prominent financial leasing company in France.
Hong-Kong based C Ventures has made a minority investment in Bandier, the trendsetting athleisure retailer. Since opening their first store in the Hamptons, husband-and-wife founders Jennifer Bandier and Neil Boyarsky have been setting the trend in #ActiveFashion. With several retail locations, on-site fitness classes, and a fast-growing e-commerce business that accounts for half of total sales, Bandier has established itself as an omnichannel leader in the booming athleisure industry. Headed by cultural entrepreneur and K11 founder Adrian Cheng, C Ventures is a new venture capital fund that focuses on connecting emerging fashion, media and creative businesses for the next generation. With an expanding portfolio, C Ventures strives to map out a cultural ecosystem to meet the fast-changing needs of global millennials and Gen Z. C Ventures also benefits immensely from Cheng’s expansive scope of businesses in China and Asia, which include world’s largest jewellery chain Chow Tai Fook, cultural enterprise New World Group, world’s first museum-retail concept K11, international hospitality group Rosewood Hotels & Resorts, luxury fashion distributor Luxba and leading Chinese media group Modern Media. C Ventures was founded in 2017 and is currently managed by Cheng and his business partner Clive Ng.
Onward Holdings, the listed Japanese luxury group, has acquired a controlling stake in Charlotte Olympia, the iconic British footwear and accessories label. This acquisition is part of an expansion plan that aims to accelerate Charlotte Olympia’s growth within Europe and Asia. Ohana & Co. acted as exclusive financial advisor to Onward in this transaction. Founded in 2008, by Charlotte Dellal, Charlotte Olympia is known for creativity, craftsmanship and femininity. The brand has established itself as a global luxury player with designs influenced by Hollywood cinema glamour and movie stars from the 1940s and 50s. Charlotte Olympia Dellal said “We are proud to welcome OLG as a strategic partner to Charlotte Olympia and are excited to have a partner that shares the brand’s passion for creativity, innovation and the highest standards of craftsmanship”. “OLG has a proven track record in developing global brands and businesses. This will help Charlotte Olympia to continue to grow its luxury presence on a global basis”, added Bonnie Takhar, Charlotte Olympia’s President. “We have followed the incredible success of Charlotte Olympia for some time and admired the brand’s ability to become one of the most innovative global players in the shoe industry” said Franco Penè, chairman of Onward Luxury Group. Charlotte Dellal, founder and creative director, and president Bonnie Takhar will continue to helm the company.
Unilever has acquired luxury color cosmetics brand Hourglass, the group’s first move into makeup. Hourglass will join Unilever’s prestige beauty portfolio, which also includes Murad, Ren, Dermalogica, Kate Somerville and Living Proof. Ohana & Co. acted as exclusive financial advisor to Hourglass in this transaction. Founded in 2004 by beauty industry veteran Carisa Janes, Hourglass is known for innovation, luxe packaging and exceptional product experience. The brand is acclaimed for its breakthrough formulations and technological innovation, including the use of active ingredients in complexion products. Hourglass’s distinctive offering has secured the brand a loyal following amongst consumers who look for high performance beauty products. Alan Jope, President Personal Care, Unilever, said, “We are delighted to be adding Hourglass to our portfolio of Prestige brands. The color cosmetics category has been showing high growth-rates, driven by social media content, channel diversity and democratization of professional makeup techniques, and it therefore presents a significant opportunity. Hourglass is already a successful brand in this space, offering fantastic make-up products that also deliver skin care benefits, and we look forward to continuing to grow this wonderful brand.” Carisa Janes, CEO Hourglass, added, “As the first color brand in Unilever’s Prestige portfolio, we are excited about this partnership as Hourglass continues to challenge the status quo with high performance luxury cosmetics. Unilever’s commitment to innovation and social responsibility is aspirational, and perfectly aligned with our vision for the future of Hourglass.” “We are grateful to the Ohana & Co. team for the job they have done in assisting us through this entire process and helping us to achieve a great deal with a wonderful partner!”, says Carisa Janes, founder of Hourglass.
The RealReal, the leader in authenticated luxury consignment, has closed a $50 million growth equity financing from private equity firm Great Hill Partners, bringing the company’s total funding to $173 million. Ohana & Co. acted as exclusive financial advisor to The RealReal in this transaction. Founded in 2011, The RealReal is the leader in authenticated luxury consignment , with 5 million buyers and consignors with 4 million items sold across all luxury categories. The company has reinvented luxury resale and has changed how people think about and consume luxury goods. The RealReal provides the largest selection of pre-owned authenticated luxury items including women's and men's fashion, fine jewelry & watches, and fine art & home with a certified expert inspecting every single item. Consignors earn up to 70% of the sale price and items sell quickly. In 2017 alone, The RealReal is expected to pay consignors nearly $300 million from the resale of their luxury items, the majority of which, they will spend back in the primary market, continuing the luxury lifecycle. The company operates Luxury Consignment offices in six US cities that offer free fine jewelry and watch valuations from certified gemologists, as well as white glove consignment service. The new funding will be used to continue scaling the company’s operations, category expertise, and expansion of its Luxury Consignment Offices and retail concepts.
Cegedim [Euronext: CGM], the publicly traded technology and services group, has acquired Futuramedia Group, the French leader in digital out of home (DOOH) advertising. Founded in 2004, as a one of the first retail based (i.e. in store) digital advertising network, Futuramedia quickly established itself as the undisputed French leader in digital advertising in pharmacies. With more than 5,500 digital screens inside pharmacies and in their shop windows, Futuramedia offers to its advertisers – pharma and beauty groups such as L’Oreal, Sanofi and Reckitt – a flexible and attractive digital media reaching customers both inside and outside the point of sale. Already active in the field of pharmacy communication through its RNP subsidiary, Cegedim will bolster its digital activities by adding the leader in digital communication in pharmacy networks. Thanks to this acquisition, Cegedim will be strengthening its offering to pharmaceutical and cosmetics clients by offering the largest network of digital screens in pharmacies. In this competitive process Ohana & Co. acted as exclusive financial advisor to Futuramedia and its shareholders.
Bright Fame Fashion Limited, the Hong Kong based family investment vehicle led by Vivian Chou, has acquired the Thakoon brand. Vivian is the daughter of billionaire textile mogul Silas Chou, who was a former investor in Tommy Hilfiger and Michael Kors. Thakoon is the eponymous upscale clothing line of the designer Thakoon Panichgul who has designed ready-to-wear for first lady Michelle Obama among other public figures and celebrities. He also recently designed collections for GAP and Target. As part of the deal, Panichgul will continue in his role as chief creative officer and Maria Borromeo will remain chief executive officer of Thakoon USA. The Chou family takes a strategic approach to their fashion investments, which have been few and far between. Silas Chou is best known for transforming struggling entities like Tommy Hilfiger in 1989 and Michael Kors in 2003 into billion-dollar powerhouses. Beginning in early 2016, the company plans to adopt the buy-now wear-now operating model, whereby new styles will be introduced on a continuous basis rather than adhering to the traditional fashion calendar. While this real time fashion model has been successfully adopted in the mass and contemporary spaces, it has not yet been tried for designer level apparel. Ohana & Co. acted as the exclusive advisor to Thakoon LLC and its shareholders.
AREVA (EPA: AREVA), the France-based global leader in nuclear energy with 2015 sales of $4.6 billion, has sold its wholly owned US subsidiary, Canberra Industries, the leading provider of innovative nuclear measurement solutions, to California-based Mirion Technologies, a global leader in radiation detection and protection, backed by private equity fund Charterhouse Capital. Canberra Industries, based in Meriden, Connecticut, is a leader in the nuclear measurement sector. It designs, manufactures and markets innovative and cost-effective nuclear measurement solutions used to maintain safety of personnel, assess the health of nuclear facilities and safeguard the public and the environment. Canberra generated revenues of about $200 million in 2014 and has more than a thousand employees worldwide. In this competitive process initiated by Areva in June 2015, Ohana & Co. acted as global advisor to Canberra’s management team, accompanying it throughout the entire process. Ohana & Co. assisted the management team on the structuring of its exit package, the preparation of the roadshow with the various bidders and the negotiation of equity investment packages with each of the bidders shortlisted by Areva.
The Webedia group, a leading international web publisher of leisure and entertainment properties with 28 million unique users per month in 2016 based in France, has expanded its eSports activities by acquiring Oxent, the pioneering eSports company, producer of the Electronic Sport World Convention and developer of the eSports tournament management platform, Toornament.com. Oxent, founded in 2009 by industry veterans Matthieu Dallon and Antoine Frankart, has emerged as an eSports leader by developing 2 activities: the organization of ESWC events and the development of the Toornament.com platform. The ESWC (eSports World Convention) is one of the leading international eSports events globally, bringing together the best players in the world and their fans. Oxent also develops and runs the Toornament.com platform, the backbone for eSports tournament organizers, their participants and their fans. Oxent also provides services for game publishers such as the management of the “Just Dance World Cup” for Ubisoft or the organization of large tournaments with Activision for the “Call of Duty World League”. Oxent will promote eSports competitions and events set up by Webedia in France such as the Heartstone Festival last July which was attended by more than 4,000 people and will develop global projects and offers to internationalize Webedia’s eSports activities. In this competitive process initiated in April 2016, Ohana & Co. acted as exclusive financial advisor to Oxent and its shareholders.