The Firm is representing KKR in connection with its strategic investment in Knowlton Development Corporation (“kdc/one”). KKR joins Cornell Capital, who will remain kdc/one’s largest shareholder, and the rest of the existing investor group, including CDPQ, who will remain in place as owners of kdc/one. Financial terms were not disclosed.
kdc/one is a provider to many of the world’s leading brands in the beauty, personal care, and home care categories, and offers a networked value-chain in the ideation, formulation, design, packaging and manufacturing of products for more than 1,000 brands across an expansive array of categories.
The Simpson Thacher team includes Marni Lerner, Johanna Mayer and Eduard Popov (M&A); Marcy Geller and William Smolinski (Tax); Tristan Brown and Ryan Kenny (ECEB); Bobbie Burrows and Suyoung Jang (IP); Peter Guryan and Kelly Karapetyan (Antitrust); and Toby Chun and Deepa Sarkar (Environmental).