Quintessence Fragrances Sells to Lucta S.A.
Deal News | Dec 16, 2024 | Farrer & Co
Farrer & Co., a prominent law firm, has successfully advised the shareholders of Quintessence Fragrances Limited in its strategic sale to Lucta S.A. This transaction marks a significant collaboration between Quintessence, a global home fragrance and perfumery business, and Lucta, a Spanish-headquartered global manufacturer of fragrances, flavours, and feed additives. The deal exemplifies international cooperation, with Quintessence's operations spanning the UK, India, France, China, the US, and the UAE. The advisory team from Farrer & Co. was spearheaded by Anthony Turner and Beth Balkham, with specialist support from their Tax, Employment, and Banking divisions. Furthermore, BTG Advaya provided counsel on parallel acquisition activities in India, while Conexus Capital Advisors offered specialized M&A advice within the fragrances industry. This transaction underscores a dynamic shift within the global fragrance market.
Sectors
- Fragrances and Flavours
- Mergers and Acquisitions Advisory
Geography
- United Kingdom – Quintessence Fragrances is headquartered in the UK, and Farrer & Co, the advising firm, is based in the UK.
- Spain – Lucta S.A., the acquiring company, is headquartered in Spain, indicating the geographical significance of the transaction.
- India – Quintessence operates out of India, and BTG Advaya provided advisory services for the acquisition in India.
Industry
- Fragrances and Flavours – The article focuses on a transaction in the fragrances and flavours industry, highlighting the business operations and M&A advisory within a global context in this sector.
- Mergers and Acquisitions Advisory – The involvement of multiple advisory firms, such as Farrer & Co. and Conexus Capital Advisors, supports the classification of M&A advisory services, which are integral to the transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Quintessence Fragrances Limited | Target | Company | A global home fragrance and perfumery business under UK and India leadership with international operations. |
| Lucta S.A. | Bidding Company | Company | Spanish-headquartered global manufacturer of fragrances, flavours, and feed additives. |
| Farrer & Co. | Legal Advisor | Company | Law firm advising Quintessence Fragrances on the sale to Lucta S.A. |
| BTG Advaya | Advisor - India Acquisition | Company | Advisors for the parallel acquisition activities in India. |
| Conexus Capital Advisors | M&A Advisor | Company | M&A advisory firm specializing in the fragrances, flavours, and ingredients industries. |
| Bharatrao Kamte | Leadership | Person | Leader of Quintessence Fragrances, guiding the company through the acquisition. |
| Anthony Turner | Corporate Partner, Legal Advisor | Person | Led Farrer & Co.'s team advising on the sale. |
| Beth Balkham | Corporate Associate, Legal Advisor | Person | Supported Farrer & Co.'s advisory role in the transaction. |