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Advent acquires Natura stake as founders step down

privateequitywire

5 months ago

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Brazilian cosmetics group Natura has agreed to sell an 8–10% stake to US private equity firm Advent International at an average price of 9.75 reais ($1.86) per share, according to a report by Reuters citing a recent company filing.
The purchase will be executed in the secondary market over six months.
As part of the transaction, Advent will gain the right to appoint two members to Natura’s board. The deal coincides with a significant board reshuffle, with founders Luiz Seabra, Guilherme Leal, an...

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