Revlon Pays $660M To Buy Back Beauty Co. From CVC

Law360, New York (August 5, 2013, 11:50 AM EDT) -- Revlon Inc. said on Monday it will buy back The Colomer Group SL for $660 million, an addition that will launch the New York cosmetic giant's presence in the professional salon circuit 13 years after it sold the Spanish beauty care company to private equity firm CVC Capital Partners.

The all-cash deal rejoins Colomer to Revlon, about 13 years after the group — formerly Revlon's professional products division — was purchased by funds operated by CVC Capital Partners and the family of founder Carlos Colomer, according...
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