News & Announcements

Weil Advises L’Oreal on $1.2 Billion Acquisition of IT Cosmetics

Weil is advising L'Oréal in its definitive agreement to acquire IT Cosmetics, one of the fastest growing prestige beauty brands in the United States, for $1.2 billion from its founders, Jamie Kern Lima and Paulo Lima, and TSG Consumer Partners. The closing is subject to the standard regulatory approvals and other customary conditions.

The Weil team advising L'Oréal is led by Corporate partner Ellen Odoner and includes Technology & IP Transactions head Michael Epstein; Corporate counsel Naomi Munz; Executive Compensation & Benefits counsel Steven Margolis; Antitrust counsel Brianne Kucerik; Corporate associates Jonathan Calka, Aamir Rahman and Giancarlo Ruscio (not yet admitted to practice in New York); Tax associates Lexie Maravich and Benjamin Brookstone (not yet admitted to practice in New York); Technology & IP Transactions associate Lauren Springer; Insurance associate Gabriel Gershowitz; and Executive Compensation & Benefits associate Franny Glick.