Luxembourg, 22 October 2019
ATOZ advised a part of the family shareholding, co-founder of the Nuxe Group, French leading brand and pioneer in natural cosmetics, within the context of the sale of the entirety of their 45.13% stake to the Belgian holding company Sofina. Team members on this transaction included Jamal Afakir and Christophe Darche.
Arising from the family purchase of a Parisian cosmetics laboratory in 1988, the Nuxe brand has become a French success story over the past 30 years which has gone global due to a unique positioning and products such as the iconic Huile Prodigieuse.
Sofina, a Belgian family holding company listed on the Brussels stock exchange, makes long-term minority investments mainly in the sectors of consumer products and services, digital transformation, education, and health care.
Notes to editors:
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