Henkel to Acquire OLAPLEX for $1.4B

Henkel has entered into a definitive agreement to acquire OLAPLEX in a cash transaction. OLAPLEX stockholders will receive $2.06 per share, for an equity value of approximately $1.4 billion.

The deal is structured to keep the OLAPLEX name and brand after closing, and OLAPLEX is expected to stop trading on Nasdaq. Advent International is set to fully exit its investment at close. The transaction is described as combining OLAPLEX’s professional channel relationships with Henkel’s global reach, and expanding international access to science-led hair-health solutions.