MILAN, April 26 (Reuters) - Buyout firm L Catterton has
agreed to buy a majority stake in family-owned KIKO Milano in a
deal which a source close to the matter said valued the Italian
accessible make-up maker at around 1.4 billion euros ($1.5
billion) including debt.
L Catterton, which specialises in consumer goods and is
backed by France's LVMH, is buying the stake from
Italy's Percassi family who in 1997 founded what is now one of
the world's biggest privately-owned make-up brands, the
companies said in a joint statement.
($1 = 0.9304 euros)