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European Valuations Assists in Beauty Products MBO

European Valuations Assists in Beauty Products MBO

makeup brush

Background

European Valuations is very pleased to have been part of this transaction.

The MBO deal sees Australian Bodycare U.K. Limited’s (ABC) acquire 100% of the shares in the KLM group for an undisclosed sum.

Founded by husband and wife Ken and Margaret Lamacraft in 1995, and headquartered in Tunbridge Wells, the KLM group specialises in beauty products for the salon and retail sectors of the cosmetic market in the UK and Ireland. Brands include Australian Bodycare, Covermark and Steamcream.

European Valuations provided a pre-lend due diligence review of the accounts receivable and an inventory evaluation & appraisal for potential asset-based lending purposes. 

We worked closely with the acquirers advisers Castle Corporate Finance who introduced Arbuthnot Commercial Asset Based Lending Limited who structured and provided an asset-based lending facility to support the MBO and on-going financing. 

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