Beiersdorf Aktiengesellschaft (XTRA:BEI) entered into a definitive agreement to acquire Chantecaille Beaute Inc on December 21, 2021. Depending on the future development of the Chantecaille business, the enterprise value is between $590 million and $690 million. The company will continue to be managed separately as a complementary selective brand in the Beiersdorf Group next to La Prairie. The completion of the transaction is subject to merger control clearance as well as further customary closing conditions and is expected to close in the first quarter of 2022.

Lazard Ltd acted as financial advisor to Beiersdorf, while Paul Humphreys, Stephan Waldhausen, Lucas Schweitzer, Jenn Mellot, Mary Lehner, Uta Itzen, Lori Goodman, Thomas Granetzny, Claude Stansbury, Mena Kaplan, Matthias Koch, Christine Lyon, Brock Dahl and Sascha Arnold of Freshfields Bruckhaus Deringer provided legal advice. Jefferies Financial Group Inc. acted as financial advisor to Chantecaille, while Kirkland & Ellis provided legal advice.