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Mori Hamada & Matsumoto and Davis Polk have advised Japanese beauty company Shiseido on the 160 billion yen ($1.5 billion) sale of its personal care business to private equity firm CVC, which was represented by Nagashima Ohno & Tsunematsu and White & Case.

Baker McKenzie and Morrison Foerster counselling the lead arrangers and mezzanine lenders.

Shiseido is a Japanese multinational cosmetic company founded in Tokyo in 1872, offering premium beauty brands such as NARS Cosmetics, Bare Escentuals and its namesake Shiseido line.

According to CNBC, as part of this strategy, Shiseido is planning to exit its non-core businesses by the end of this year.

The White & Case team was led by partner Clara Shirota, while partners Gavin Raftery and Shinichiro Kitamura led the Baker McKenzie team.

Meanwhile, the Morrison & Foerster team was led by partners Yemi Tépé and Yuhki Asano, while partner Ken Lebrun led the Davis Polk team.

 

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