Latham & Watkins Advised e.l.f. Beauty On Its US$1 Billion Acquisition Of Rhode
Latham & Watkins Advised e.l.f. Beauty On Its US$1 Billion Acquisition Of Rhode
Latham & Watkins LLP advised e.l.f. Beauty (NYSE: ELF) in its acquisition of rhode, the fast-growing beauty brand founded by Hailey Bieber, known for its high-performance, skin-focused products. The transaction marks a powerful alliance between two innovation-driven beauty companies. The US$1 billion deal includes US$800 million payable at closing in a combination of cash and stock, subject to customary adjustments, and an additional potential earnout of US$200 million based on rhode’s performance over the next three years.
The Latham & Watkins corporate team was led by Mark Bekheit (Partner) and Tad Freese (Partner), with support from Lauren Lefcoe (Associate), Tiana Baghdikian (Associate), and Ashley Campfield (Associate).
On securities matters, the team included Kathleen Wells (Partner) and Richard Kim (Partner), with Raul Gonzalez-Casarrubias (Associate). Executive compensation, employment, and benefits advice was provided by James Metz (Partner), with Jennifer Lin (Associate).
Tax matters were handled by Grace Lee (Partner), supported by Gregory Conyers (Associate). Intellectual property and data privacy matters were led by Michelle Gross (Partner), with assistance from Amy Tosi (Associate), Gabrielle Forte (Associate), Karen Lee (Associate), Kiara Vaughn (Associate), and Lorenzo Meusburger (Associate).
Antitrust matters were handled by Kelly Fayne (Partner) and Hanna Nunez Tse (Associate). Insurance advice was provided by Harrison White (Partner), with Enrique Covarrubias (Associate). Anticorruption advice was led by Scott Joiner (Partner), with support from Christopher D’Agostino (Associate) and Heather Artinian (Associate).
On export control matters, the team included Ruchi Gill (Counsel) and Dillon Curtis (Associate). Entertainment law matters were advised by Jonathan West (Partner), with Jamie Levine (Associate) and Sam Lehman (Associate).
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