Quadriga to buy LR Health and Beauty Systems from Apax

The firm is expected to pay around €250m for the company - slightly less than the €280m understood to be targeted by Apax. Private equity firm Bregal Capital could be teaming up with Quadriga in the buyout, media reports added.

Apax bought a 49% stake in LR International in December 2004 but later acquired the whole business, which sells nutrition, cosmetics and fragrance products in its core German market and 31 further countries. The business advertises with celebrities such as Heidi Klum, Bruce Willis and Michael Schumacher.

LR International has reportedly recorded double-digit growth rates annually since its inception in 1985. Its current turnover is estimated at around €250m.

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• Topics
• DACH
• Buyouts
• Consumer
• Exits
• Secondary buyout
• Germany
• Quadriga Capital
• Apax Partners
• Bregal Capital