Deals
Natura Works With BofA, Morgan Stanley on Stake Sale for Aesop Unit
- Aesop has drawn interest from CVC, rival cosmetics makers
- Natura’s high-end brand has estimated value of $1.7 billion
Aesop beauty products.
Photographer: Katie Falkenberg/Los Angeles Times/Getty ImagesThis article is for subscribers only.
Cosmetics maker Natura &Co is working with Bank of America Corp. and Morgan Stanley to sell a stake in its Aesop unit, according to people familiar to the matter.
Aesop, the Brazilian company’s high-end brand, has drawn interest from private equity firm CVC Capital Partners and competitors such as L’Occitane International SA and Shiseido Co., said the people, who asked not to be identified because discussions are private.