Have & Be Remaining Stake to be Aquired by Estée Lauder

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Mergermarket 18/11/19

Estee Lauder [NYSE:EL], a New York City-based manufacturer and marketer of skincare, make-up, fragrance and hair care products, has agreed to acquire the remaining stake in Have & Be, South Korean global skin care company behind Dr. Jart+ and men’s grooming brand Do The Right Thing. […]

The acquisition follows the company’s December 2015 minority investment in Have & Be Co. Ltd., and is pursuant to an agreement made at that time. […]

Perella Weinberg Partners LP served as financial advisor to The Estée Lauder Companies Inc., while Lowenstein Sandler LLP and Kim & Chang served as legal counsel. Have & Be Co. Ltd. received financial advice from Dyens & Co. and legal counsel from Skadden, Arps, Slate, Meagher & Flom LLP and Bae, Kim & Lee LLC.

Michel Dyens