Sandra Leggero has a background in financial markets, having spent more than 9 years in commodities trading for several European and Asian companies. She holds a degree in Economics from the University of Pavia and specializes in emerging markets.
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Key Moments
Coty sold its remaining 25.8% ownership in Wella to KKR for $750 million.
The transaction transfers Coty’s entire residual equity interest in the hair care brand.
Coty retained rights to 45% of any proceeds from a future sale or initial public offering of Wella.
Transaction Overview
Coty said on Friday that it has completed the sale of its remaining 25.8% stake in Wella to KKR for $750 million. The deal marks Coty’s full divestment of its interest in the professional hair care brand.
Transaction Detail
Value / Percentage
Stake sold in Wella
25.8%
Transaction value
$750 million
Buyer
KKR
Ongoing Economic Participation
Although Coty has sold its remaining equity position, the company said it holds rights to 45% of any proceeds generated from a subsequent sale or an initial public offering of Wella. This arrangement allows Coty to continue to benefit from potential future monetization events involving the hair care brand.
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