The deal kicks off Arrotex's expansion into the health and beauty sector
MinterEllison has advised generic pharmaceutical and private-label over-the-counter supplier Arrotex Pharmaceuticals on its recent acquisitions of Nude HoldCo and MakeUp Cartel Holdings for about $55m.
The deal kicks off an expansion into the health and beauty sector for Arrotex, which currently has a significant share in Australia’s generic pharmacy market. With the acquisitions, Arrotex snaps up brands like Nude by Nature (from Nude HoldCo) and PONi Cosmetics (from MakeUp Cartel Holdings).
Jeremy Blackshaw headed up the MinterEllison M&A team that tackled all aspects of the transaction. The team included specialists across the firm’s tax, employment, IP, privacy, and insurance teams.