JAB Holdings BV is the Benckiser family’s investment arm (“Benckiser”), owning about 15% of the UK listed HPC player Reckitt Benckiser and 100% of the US based cosmetic player Coty Lancaster. Bally is a Swiss based luxury shoe and leather goods brand which has been owned by TPG since 1999.
The acquisition of Bally is the first major acquisition for Benckiser in the luxury sector. The group intends to constitute a third business leg in the luxury sector, alongside its existing home care and personal care businesses.
BNP Paribas Corporate Finance acted as exclusive Financial Advisor to Benckiser. The transaction, subject to customary closing conditions, is expected to close in