October 11, 2019 - Assignment

Accent Equity 2017 L.P acquires Scandinavian Cosmetics Group Holding AB

The investment fund Accent Equity 2017 L.P. has signed an agreement to acquire 100% of the shares in Scandinavian Cosmetics Group Holding AB from the German investment group Aurelius.

Scandinavian Cosmetics Group is a leading Nordic brand management company within high-end make up, fragrances, skin care, hair care and beauty tools. In 2018, the group had net sales in excess of SEK 1.0 billion.

Accent Equity is one of the buy-out investment pioneers in the Nordic region with the ambition to develop the portfolio companies to be Nordic, European or Global leaders through sustainable improvements of their operations as well as by their strategic positioning.

The transaction is conditional upon approval from competition authorities, and closing is expected to occur in the fourth quarter of 2019.

Accent Equity was advised by Mannheimer Swartling in the transaction.