Latham Advises Ulta Beauty on Acquisition of Space NK From Manzanita Capital

Latham & Watkins has advised Ulta Beauty, Inc. on its acquisition of Space NK Limited, a leading British beauty retailer, from Manzanita Capital, a beauty sector specialist investor with a long-term investment horizon. Financial terms of the transaction were not disclosed.  

Space NK is a curator of some of the world’s most innovative beauty brands and a go-to destination for beauty discovery in its 83 stores in the UK and Ireland and online. Space NK will operate as a standalone subsidiary of Ulta Beauty and will continue to be led by its existing management team, including Space NK chief executive officer Andy Lightfoot.  

The Latham team was led by London corporate partners Ed Barnett and Linzi Thomas, with associates Jennifer Cadet, Vivian Yeung, Sarala Baskaran, Beatrice Leung, and Joanne Amos. Advice on US matters was provided by Houston corporate partner Ryan Maierson; on tax matters by London partner Simon Skinner, with associates Sam Duncan and Allegra Benitah; on real estate matters by London partner Quentin Gwyer, with associate Costa Thrasyvoulou; on data and technology matters by London partner Fiona Maclean, with associates Liz Longster and Lorenzo Meusburger; on employment and benefits matters by London partner Sarah Gadd, and executive compensation attorney Mia DiBella and associate Sophie Timmins; and on insurance matters by Los Angeles partner Harrison White, with associate Dylan Shamoon.