Latham & Watkins has advised L’Oréal, the world’s leading beauty player, on its agreement with Natura & Co to acquire Aēsop, the Australian luxury beauty brand. The proposed transaction values Aēsop at an enterprise value of US$2.525 billion.

The Latham team was led from Paris by corporate partner Pierre-Louis Cléro, with counsel Raphaël Darmon, and associates Julia Lefevre and Yasmine Houichi. Advice was also provided on corporate matters by London partner Neil Campbell and associate Harriet Stephenson; on antitrust matters by partners Jacques-Philippe Gunther and Mathilde Saltiel with associate Julien Morize; on IP and commercial contracts matters by partner Jean-Luc Juhan with associates Daniel Martel and Liz Longster; on tax matters by partner Olivia Rauch-Ravisé with associate Alexis Caminel; and on employment matters by partner Matthias Rubner with associate Léo Theillac.

The L’Oréal in-house team was led by Alexandre Menais, Group General Counsel; Arnaud de Rochebrune, Legal Director M&A and Licenses; and Sabine Vermelle, Associate General Counsel M&A.