Overview
- Natura signed a binding agreement to transfer Avon International to an acquisition vehicle affiliated with Regent.
- The transaction delivers £1 at closing with contingent payments capped at £60 million tied to future performance and liquidity events.
- The sale excludes the Avon business in Russia and all operations in the Latin American region.
- Earlier this week, Natura agreed to sell the Avon CARD markets to Grupo PDC covering Central America and the Dominican Republic.
- Under the CARD deal, Natura will keep supplying finished goods and serve as licensor of the Avon brand, and it is still evaluating options for the Russian business.