Gowling WLG advises Nuxe Group family shareholders over minority sale to Sofina

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.