Latham & Watkins Advises Obagi Skincare in Business Combination

Waldencast Acquisition Corp., (NASDAQ: WALD), a special purpose acquisition company, leading physician-dispensed, results-driven skin care brand Obagi Global Holdings Limited and award-winning makeup and skin care brand Milk Makeup LLC, have announced the completion of their business combination. The combined company will operate as Waldencast plc and traded on the Nasdaq under the symbol “WALD.”

Latham & Watkins Advises Obagi Skincare in the transition. The M&A team was led by Orange County partner Scott Shean and Century City partner Andrew Clark, with Orange County associates Brian Umanoff, Jack McKay, Taylor Ashton, Trevor Yedoni, Kennedy Holmes, Courtney Lem, and Azzam Chaudhry. The capital markets team was led by Orange County partner Shayne Kennedy and Bay Area partner Phillip Stoup, with Orange County associate Eric Hanzich. Advice was also provided on tax matters by Bay Area partner Katharine Moir, with Bay Area associate Alex Farris; on benefits and compensation matters by Los Angeles/Orange County partner Michelle Carpenter, with Los Angeles associate Aaron Tso; on IP and licensing matters by San Diego partner Steve Chinowsky, Bay Area counsel Darryl Steensma, New York counsel Eliot Choy, with San Diego associate Kathryn Parsons-Reponte and Los Angeles associate Michael Sweeney; on finance matters by Los Angeles partner Mark Morris and counsel Jonathan Shih; on antitrust matters by Bay Area partner Joshua Holian and Washington, D.C. counsel Joseph Simei; and on healthcare and regulatory matters by Washington, D.C. partner Elizabeth Richards, Paris/Brussels partner Eveline Van Keymeulen, Bay Area partner Heather Deixler and Bay Area counsel Betty Pang, with Paris associate Jeanne Fabre and Washington, D.C. associates Chad Jennings and Danny Machado.