Gowling WLG (Paris) advised global cosmetics brand Nuxe Group over the sale of its minority stake to Sofina.

The international law firm advised part of the family shareholders who co-founded natural cosmetologist Nuxe over a 45.13% capital restructuring to Brussels stock exchange-listed Sofina.

M&A and Private Equity Partner Barbara Jouffa led Gowling WLG, assisted by Senior Associate Mathias Briatta.

Born from the family takeover in 1988 of a Parisian cosmetic formulation laboratory, the Nuxe brand has become in 30 years a French and international success story thanks to its unique positioning and iconic products such as Prodigious Oil.

Sofina, a Belgian family holding company, makes long-term minority investments, mainly in consumer goods and services, digital processing, education and healthcare.

Pevensey advised part of the family shareholders. Rothschild & Co and Atoz also advised the sellers. Bompoint and Natixis Partners assisted the majority partner while Linklaters and JP Morgan assisted Sofina.