Ontario Teachers' to invest in cosmetics business Intercos
Ontario Teachers' Pension Plan has agreed to acquire a minority stake in Intercos SpA, a Milan, Italy-based supplier of colour cosmetics and skincare products. No financial terms were disclosed. Intercos said President and CEO Dario Ferrari will retain control following the deal, which is intended to strengthen the shareholder structure and help the company pursue development plans. Earlier in 2017, Intercos bought Cosmint SpA, a maker of skin, hair and body care products. Founded in 1972, Intercos has been backed by U.S. consumer private equity firm L Catterton since 2014.
8 August 2017•3 mins read
