Melling, Voitishkin & Partners represented Natura, a global cosmetics group, in the sale of its Russian Avon business to Arnest Group. Avon’s Russian division is a major manufacturer and distributor of cosmetics and perfumery products with its own manufacturing facility in Naro-Fominsk, Moscow Region.
Arnest Management has become the new owner of Avon’s assets in Russia. The transaction, valued at RUB 2.52 billion, was approved by the Governmental Commission on Control over Foreign Investment and the Federal Antimonopoly Service (FAS) of Russia.
We advised the client on all stages of the transaction, including preparation and negotiation of binding documentation, discussion and development of the final transaction structure, obtaining regulatory approvals, monitoring the fulfilment of conditions precedent, and handling the signing and closing of the transaction. In the context of a special regulatory framework, the transaction required the development of a unique structure and non-standard terms.
