Natura Agrees to Sell Avon to Regent for Up to GBP60m

Natura has signed a binding agreement to sell Avon International to an acquisition vehicle affiliated with Regent, according to a regulatory filing.

• Natura will be paid £1 at the closing of the transaction, with earn-outs and contingent payments in the future in an amount limited to £60 million
• Most of the loan receivables held by Natura against Avon International will be capitalized before the deal is closed, and the remainder balance will be transferred to the buyer
• Natura has also agreed to provide a secured credit line to Avon International of up to $25 million, maturing five years after the ...