Leading UK law firm Thrings – whose offices in Swindon are on Drakes Meadow – has advised global beauty company Coty Inc. on the acquisition of Lena White Limited, the largest international distributor of OPI. OPI Nail specialise in nail care, polish, lacquer, varnish and treatments.
The completion of the acquisition, for an undisclosed sum, will allow Coty to lead the development of OPI, one of Coty’s power brands in the UK.
The provision of legal advice to Coty by the Thrings team – led by corporate partner Kate Westbrook – marks the latest development in a commercial relationship between the two organisations which spans nearly two decades.
Kate Westbrook said: “Coty Inc. is an international organisation with a reputation for excellence. Working closely with the Coty team, including Nina Moïse, Coty’s European Legal Counsel, allowed us to gain greater insight into the business.
“It was imperative that Coty received accurate legal advice and expert guidance during what was a complex transaction to ensure the safe acquisition of Lena White Limited and guarantee a satisfactory outcome for everyone involved.
“Thrings prides itself on its ability to forge close and lasting relationships with its clients, and we are delighted to have been associated with Coty for the past 20 years and assisted the organisation at such a key stage in its strategic development.”
Advising Coty Inc. on its acquisition of Lena White Limited is the latest deal in what has been an extremely strong start to the year for Thrings, which also has offices in Bath, Bristol and London.
In January, senior corporate partner John Davies and associate solicitor Simon Hore provided legal advice to the shareholders of Wiltshire-based fuel distribution business Watson Petroleum Limited on its $191million acquisition by global fuel logistics company, World Fuel Services Corporation.
According to its latest set of accounts, Thrings’ turnover for the year ending 30 April 2013 rose to £21.5m, a year-on-year increase of four per cent.