{"id":100797,"date":"2025-02-18T00:00:00","date_gmt":"2025-02-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/huda-beauty-spins-off-fragrance-line-kayali-to-co-founder-mona-kattan\/"},"modified":"2025-02-18T00:00:00","modified_gmt":"2025-02-18T00:00:00","slug":"huda-beauty-spins-off-fragrance-line-kayali-to-co-founder-mona-kattan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/02\/18\/huda-beauty-spins-off-fragrance-line-kayali-to-co-founder-mona-kattan\/","title":{"rendered":"Huda Beauty spins off fragrance line Kayali to co-founder Mona Kattan"},"content":{"rendered":"

Huda <\/strong>Beauty spins off fragrance line Kayali to co-founde<\/strong>r Mona Kattan, General Atlantic: <\/strong>Dubai-based beauty giant Huda Beauty<\/a> is planning to sell its fragrance brand Kayali<\/a> to co-founder Mona Kattan and New York-based private equity firm General<\/a>Atlantic<\/a>, they said in a joint statement<\/a>. Following the transaction, which is pending regulatory approvals, Mona Kattan will \u201cjointly own\u201d the fast-growing fragrance brand alongside General Atlantic. Kattan will also continue to serve as company CEO, with Kayali operating independently. The financial terms of the transaction were not disclosed.<\/p>\n

The goal for Kayali now is to \u201cexpand our global presence<\/strong> and continue disrupting the fragrance industry with bold innovation,\u201d CEO Kattan said. <\/p>\n

The transaction will allow Huda Beauty\u2019s owners to buy back the stake held by <\/strong>TSG Consumer Partners<\/a><\/strong> since 2017<\/strong>, marking a return to full founder ownership \u2014 a rare move in the beauty sector. <\/p>\n

We knew this was coming:<\/strong> Reports of a potential sale of Kayali emerged<\/a> in September last year. <\/p>\n

About <\/strong>Huda Beauty<\/strong>: <\/strong>Founded in 2013 by sisters Huda, Mona and Alya Kattan, Huda Beauty has grown into a powerhouse with a valuation of over USD 1 bn. Kayali, helmed by Mona Kattan, features about two dozen fragrances available at major retailers such as Sephora and Walgreens.<\/p>\n

ADVISORS- <\/strong>Huda Beauty appointed Goldman Sachs as its financial advisor for the move with Gibson Dunn providing legal counsel, while Skadden, Arps, Slate, Meagher & Flom serve as Mona Kattan\u2019s legal advisors. General Atlantic tapped Raymond James as its financial advisor, with Latham & Watkins providing counsel.<\/p>\n

OTHER M&A NEWS- <\/p>\n

ADQ <\/strong>appoints co-lead managers for Aramex takeover bid: <\/strong>ADQ appointed EFG Hermes UAE and International Securities as co-lead managers alongside Emirates NBD Capital for its voluntary conditional cash offer to acquire up to 100% of Aramex, according to a DFM disclosure (pdf)<\/a>. <\/p>\n

ICYMI:<\/strong> ADQ\u2019s subsidiary Q Logistics Holding offered to acquire all Aramex shares<\/a> not already owned by AD Ports, another ADQ subsidiary that currently holds a 22.69% stake. Shareholders have until 14 March to accept or reject the AED 3 per share offer, valuing the logistics firm at AED 4.4 bn. The transaction is expected to close in 3Q 2025. <\/p>\n","protected":false},"excerpt":{"rendered":"

Mona Kattan will continue to serve as Kayali\u2019s CEO<\/p>\n","protected":false},"author":1,"featured_media":100798,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[7,1809,1344,60,642],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-100797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-enterpriseam-uae","tag-huda-beauty","tag-ma","tag-ma-watch","tag-retail","wpautop","entry"],"acf":{"mongo_id":"9bd23cc5-b111-4fe9-aa8d-b64f45deb578","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/981.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Huda Beauty spins off fragrance line Kayali to co-founder Mona Kattan","related_issue":[100792],"teaser":"Mona Kattan will continue to serve as Kayali\u2019s CEO","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.649b8500-ae4e-4c6e-9090-711073e43556.mp3"},"yoast_head":"\nHuda Beauty spins off fragrance line Kayali to co-founder Mona Kattan - 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