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Hires Bank of America Corp and Morgan Stanley to sell a minority stake.
December 1, 2022
By: TOM BRANNA
Editor
Brazilian personal care cosmetics group Natura &Co is working with the Bank of America Corp and Morgan Stanley in order to sell a minority stake in its Aesop brand, according to a report by Bloomberg. The Brazilian brand owner was initially exploring an initial public offering (IPO) for Aesop, but the current volatility of the market caused the company to reassess its focus. The process is still in initial stages of consultation and no decision has yet been made. CVC Capital Partners,...
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