Apax Sells LR Health & Beauty

Private equity group Apax said it has agreed to sell its direct sales company LR Health & Beauty to a private equity consortium of Bregal Capital and Quadriga Capital, Apax said late on Saturday, Reuters reported. No financial details were disclosed. LR Health & Beauty, based in Ahlen, Germany, sells cosmetics, fragrances and nutrition products mainly in Germany, but also in countries including France, Italy and Russia.

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