Latham Advises Albéa in the Sale of its Innovative Beauty Group (IBG) Division

Latham & Watkins is advising Albéa, a global leader in packaging solutions for the cosmetic and fragrance industries, in the proposed sale of its Innovative Beauty Group (IBG) division, a beauty and personal care service provider, to Fremman Capital.

IBG offers its clients a 360-degree product development service, with end-to-end product management capabilities addressing the more complex aspects of bringing a product to market, including the ideation of the product, formulation, filling, packaging solutions and marketing. The division leverages its extensive global network, with 10 offices across three different continents, to provide local expertise to its +200 customers.

The contemplated transaction is subject to the consultation of the relevant employee representative bodies of the Albea group.

The Latham team was led by Paris partner Denis Criton, with associates Elise Pozzobon and Kenza Driss. Advice was also provided on commercial contracts and IP matters by Paris partner Jean-Luc Juhan, with associate Daniel Martel; on tax matters by Paris partner Xavier Renard, with counsel Cécile Mariotti; on antitrust matters by Paris partner Adrien Giraud, with associate Charlotte Hamaide; on finance matters by Paris partner Michel Houdayer, with associate Virginie Terzic; and on employment matters by Paris partner Matthias Rubner.