Partners Group has received European Commission approval to acquire a majority stake in French natural cosmetics brand Aroma-Zone from co-investor Eurazeo, the commission said on Thursday.
The EU regulator found no competition concerns, noting that Eurazeo already holds a controlling stake in Aroma-Zone and that Partners Group does not operate in the same markets, according to the commission's statement.
Partners Group had confirmed in early August that it was in exclusive negotiations with Eurazeo over the acquisition of a majority interest, without disclosing financial terms. According to a Financial Times report, the transaction could carry an enterprise value of approximately €2 billion.
