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Shiseido to buy Drunk Elephant

Shiseido Co Ltd., a Japanese multinational personal care company, has announced its acquisition of Drunk Elephant, a skincare brand. Financial terms of the transaction were not announced . Jefferies LLC acted as financial advisor to Shiseido Americas, and Jones Day served as Shiseido Americas’ legal counsel. Financo and Moelis & Company, LLC served as Drunk Elephant’s financial advisors and Sidley Austin LLP as legal counsel. VMG Partners and Leandra Medine had invested $8.3 million in Drunk Elephant in 2017, according to PitchBook.

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Mergers and Acquisitions,Corporate acquirer,M&A,M&A deals