Beauty of a deal for Clearwater
The Birmingham office of Clearwater Corporate Finance has advised Swiss private-label cosmetics manufacturer Mibelle on its cross-border acquisition of a majority stake in Bradford-based personal care products producer Hallam Beauty. The deal value was undisclosed, and is Clearwater’s third cross-border transaction in six months. Philip Nuttall, partner at Clearwater, said: “Hallam fits the bill for Mibelle. As well as excellent growth prospects, the business has a loyal stable of suppliers and already provides its white label products to some of the UK’s leading retailers. The deal represents a key acquisition in Mibelle’s global expansion plans and a major step in Hallam’s progression, taking into account the increased resources and opportunities its new parent, Migros, can provide.”
