CMS Cameron McKenna LLP has acted on the £240 million sale of Simple Health & Beauty (Simple) from Duke Street, the UK based private equity group, to Alberto-Culver Company, the listed US based developer, manufacturer, distributor of branded consumer products worldwide.
The firm acted for the management team of Simple, the leading skin care and toiletries company in the UK. The firm had previously acted for ABN Amro Capital on the acquisition of Simple in 2000 from Smith & Nephew plc, and on the disposal by ABN Amro Capital to Duke Street in 2003.
Simple has been ranked as the UK’s No.1 facial skincare brand and in the last five years and its annual growth has been more than double that of the market as a whole.
Louise Wallace, Corporate Partner and Head of the Consumer Products sector at CMS Cameron McKenna led on the deal. She comments, “I am delighted that our Consumer Products team were able to advise Simple’s management, the strongest female skincare brand in the UK, on its successful exit to Alberto-Culver Company. Following our involvement in the transactions, we were pleased to assist Geoff Percy and Peter Hatherly, CEO and Finance Director at Simple on this successful transaction, and we look forward to working with them in the future.”
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