Financial News

Helen of Troy Limited Inks Deal to Acquire Olive & June

The total purchase consideration is expected to be $225 million in cash at closing and a $15 million earnout subject to performance over three years.

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By: Lianna Albrizio

Associate Editor

Helen of Troy Limited has entered into a definitive merger agreement to acquire the business of Olive & June, LLC. The total purchase consideration is expected to be $225 million in cash at closing, subject to certain customary closing adjustments, and a $15 million earnout subject to performance over three years. The total purchase price implies a multiple of less than 11 times estimated calendar year 2025 adjusted EBITDA before synergies, which compares favorably to the Company’s recent...

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