Arnold Bloch Leibler has advised Australian-based beauty brand, Frank Body on the sale of a stake of its business to EverYi Capital.
Chinese private equity firm EverYi Capital has been named as an investment partner for cult Australian beauty brand, frank body.
The closed round places a value of approximately AU$100 million on the Indie personal care line and was completed in advance of a US targeted Series B, set to take place this year, and will see it expand into the Chinese market, with manufacturing and innovation continuing from Australia and the US.
Frank Body was co-founded in 2013 by Steve Rowley, Bree Johnson, Jess Hatzis and Alex Boffa – who started the business with $5,000 in a coffee shop. The brand is known for its signature coffee ground-based body scrubs.
EverYi Capital, established in 2015, is a consumer-focused private equity firm based in Shanghai and Hong Kong.
The Arnold Bloch Leibler team was led by Corporate and M&A Partner Jonathan Wenig (Picture), with support from Senior Associate Rebecca Zwier.
Law Firms: Arnold Bloch Leibler;
Clients: Frank Body;