((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
Buyout firm L Catterton has agreed to buy a majority stake in family-owned KIKO Milano in a deal that, according to a source familiar with the matter, values the Italian accessible makeup maker at around €1.4 billion ( $1.5 billion), including debt.
L Catterton, specialized in consumer goods and backed by the French group LVMH LVMH.PA, buys the stake of the Italian Percassi family, which founded in 1997 what is today one of the largest private makeup brands in the world, the two companies said in a joint press release.
(1 dollar = 0.9304 euros)