Latham & Watkins Represents Underwriters in Coty Inc.’s Secondary Offering of Class A Common Stock by KKR

Firm advises underwriters on the offering by one of the world’s largest beauty companies.

September 10, 2021

Coty Inc., one of the world’s largest beauty companies, closed on September 10, 2021 its previously-announced registered public secondary offering of 50,000,088 shares of Coty’s outstanding Class A common stock by KKR Rainbow Aggregator L.P. (KKR), at a price to the public of US$8.53 per share. Shares of Class A common stock sold in the offering will be initially issued to KKR upon conversion of 285,576 shares of Coty’s Series B Convertible Preferred Stock held by KKR. Upon completion of the offering, KKR will retain 568,367 shares of Coty’s Series B Convertible Preferred Stock representing approximately 10.9% of Coty’s outstanding Class A common stock on an as-converted basis.

Latham & Watkins LLP represented the underwriters in the offering with a capital markets team led by New York partners Marc Jaffe and Ian Schuman, with associates John Slater, Paul Rafla, and Andrew Borruso.

 
 
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