Vinge has advised the seller, Incos AB, in connection with the sale of Scandinavian Cosmetics AB together with its wholly owned subsidiary, BeautyCos AB, to the Valoras Group, which is listed in Switzerland.
Scandinavian Cosmetics AB and BeautyCos AB are Sweden's leading distributors of cosmetics, fragrances, skincare and haircare products. The companies market approximately 40 world leading trademarks within the beauty industry. The product portfolio includes Max Factor, Olay, Clarins, Kanebo/Sensai, Hugo Boss, Lacoste, Puma, Gucci, Escada, Bvlgari and Björn Axén. The companies have approximately 100 employees at offices in Malmö and Stockholm. In May this year, Scandinavian Cosmetics was awarded "Entrepreneur Company (South) 2011".
Vinge was the sole adviser and project manager in respect of the entire transaction. Vinge's team consisted of, among others, client relationship partner Lars Gildés and associates Christian Lindhé and Karolina Tjärnberg.