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20 Jun 2018

Yulchon Advises L’Oréal Group on Acquisition of Nanda Co., Ltd.

Yulchon advised the L’Oréal Group with regards to the 100% interest successful acquisition in Nanda Co. Ltd., a Korean cosmetics and fashion company which owns and operates “Stylenanda,” a clothing brand and “3CE,” a beauty brand.

 

The Nanda brands are gaining mass popularity amongst the Korean and Asian millennial generation. The company operates in Korea and Japan and has expanded its business in Hong Kong, Singapore, Malaysia and Thailand. The founder and CEO of Nanda Co., So-Hee Kim, has led rapid growth of the company since its founding in 2004, and will remain with the company as the Chief Creative Executive.

 

This transaction is known to be one of the largest acquisitions of a Korean company by a French company. 

Yulchon has provided a full range of legal services to the L’Oréal Group in the course of the transaction, including legal due diligence, structuring, preparation and negotiation of transaction documents, merger filing and assisting the closing.

 

The Yulchon advisory team includes: (i) Hyun Chul Cho, Tehyok Daniel Yi, Joon Hyung Kim, Ji Su Kim, Pyung Ah Park, Joong Bu Kim, and Min Suk Choi of the Corporate and Finance Group; (ii) Dai Won Chung and Christopher Mandel of the Labor Team; (iii) Ji Wan Ryu of the Litigation Group, (iv) Kee Jeong Kim of the Intellectual Property Group; (v) Kyu Dong Kim and Joon Yung Jo of the Tax Group; and (vi) Kyoung Yeon Kim, Yu Mi Choi, and Jinhee Rhew of the Antitrust Group.  

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