Pola Orbis Snags Australia's Jurlique For $300M

Law360, New York (November 30, 2011, 1:29 PM EST) -- Japanese cosmetics company Pola Orbis Holdings Inc. has inked a deal to buy Australian organic skin care product maker Jurlique International Ltd. from San Francisco-based private equity firm JH Partners LLC for about $300 million, the companies said Wednesday.

Pola Orbis said the acquisition furthers its goal of becoming a "highly profitable global enterprise." As part of the deal, Australian billionaire James Packer agreed to tender his minority stake in Jurlique.

"Jurlique's strong presence in Australia and New Zealand, as well as emerging markets in Asia,...
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