Knowlton Development Corporation’s Merger With HCT Group


Weil, Gotshal & Manges advised Cornell Capital and its portfolio company Knowlton Development Corporation in the merger.

Knowlton Development Corporation (KDC/ONE) and HCT Group have entered into a definitive agreement to create a comprehensive global end-to-end solutions provider for the beauty and personal care industry.

The transaction is expected to close in early 2020 and is subject to customary closing conditions.

According to the companies, the merger will provide customers with an expanded suite of manufacturing and packaging solutions.

KDC/ONE is a contract developer, manufacturer and supplier of personal care and household products.

HCT Group Holdings Limited is a provider of design, engineering, manufacturing, formulation, filling and logistics services for cosmetics products.

The Weil team advising KDC/ONE was led by Private Equity partner Christopher Machera (Picture) and includes Corporate associates Arnie Fridhandler, Theodora Tavridou, Thomas Forman, Diana Robinson, James Feng, Alexandra Stoicescu, Dominika Javornicka, Tom Cox, Akim Ouint, Michael Enea (Not Yet Admitted in New York), Briana Liu (Not Yet Admitted in Beijing) and Kevin Xin Wang (Not Yet Admitted in Shanghai). The team also includes Banking & Finance partner Andrew Colao; Tax partner Mark Schwed; Head of Private Equity Executive Compensation & Benefits Michael Nissan; Technology & IP Transactions partner Charan Sandhu; Environmental Head Annemargaret Connolly; Co-Head of Cybersecurity, Data Privacy & Information Management Randi Singer; Antitrust partner John Scribner; White Collar Defense, Regulatory and Investigations partner Sarah Coyne; Patent Litigation partner Anne Cappella; Employment Litigation partner Gary Friedman; Private Equity partner Jean Beauchataud; Technology & IP Transactions counsel Caroline Geiger; Environmental counsel John O’Loughlin and Matthew Morton; Antitrust counsel Michael Naughton; Banking & Finance associates Jacqueline Oveissi, Conor O’Muiri and Sarah Gohary (Not Yet Admitted in New York); Tax associate Steven Ort; Executive Compensation & Benefits associates Craig Olshan, Amanda Rosenblum and Travis Bruno; Technology & IP Transactions associates Phillip Grudzina, Jillian Richardson and Briony Pollard; Real Estate associate Daniel Soso; Complex Commercial Litigation associate Eliza Cotter; Patent Litigation associates Christopher Pistritto and Tonny Lee; Securities Litigation associate Chelsea Silverstein; Employment Litigation associate Chris Dyess; and White Collar Defense, Regulatory and Investigations associate Timothy Welch.

Involved fees earner: Jean Beauchataud – Weil, Gotshal & Manges; Travis Bruno – Weil, Gotshal & Manges; Anne Cappella – Weil, Gotshal & Manges; Andrew Colao – Weil, Gotshal & Manges; Annemargaret Connolly – Weil, Gotshal & Manges; Eliza Cotter – Weil, Gotshal & Manges; Tom Cox – Weil, Gotshal & Manges; Sarah Coyne – Weil, Gotshal & Manges; Chris Dyess – Weil, Gotshal & Manges; James Feng – Weil, Gotshal & Manges; Thomas Forman – Weil, Gotshal & Manges; Arnie Fridhandler – Weil, Gotshal & Manges; Gary Friedman – Weil, Gotshal & Manges; Caroline Geiger – Weil, Gotshal & Manges; Phillip Grudzina – Weil, Gotshal & Manges; Dominika Javornicka – Weil, Gotshal & Manges; Tonny Lee – Weil, Gotshal & Manges; Christopher Machera – Weil, Gotshal & Manges; Matthew Morton – Weil, Gotshal & Manges; Michael Naughton – Weil, Gotshal & Manges; Michael Nissan – Weil, Gotshal & Manges; Craig Olshan – Weil, Gotshal & Manges; Steven Ort – Weil, Gotshal & Manges; Akim Ouint – Weil, Gotshal & Manges; Jacqueline Oveissi – Weil, Gotshal & Manges; John O’Loughlin – Weil, Gotshal & Manges; Conor O’Muiri – Weil, Gotshal & Manges; Christopher Pistritto – Weil, Gotshal & Manges; Briony Pollard – Weil, Gotshal & Manges; Jillian Richardson – Weil, Gotshal & Manges; Diana Robinson – Weil, Gotshal & Manges; Amanda Rosenblum – Weil, Gotshal & Manges; Charan Sandhu – Weil, Gotshal & Manges; Mark Schwed – Weil, Gotshal & Manges; John Scribner – Weil, Gotshal & Manges; Chelsea Silverstein – Weil, Gotshal & Manges; Randi Singer – Weil, Gotshal & Manges; Daniel Soso – Weil, Gotshal & Manges; Alexandra Stoicescu – Weil, Gotshal & Manges; Theodora Tavridou – Weil, Gotshal & Manges; Timothy Welch – Weil, Gotshal & Manges;

Law Firms: Weil, Gotshal & Manges;

Clients: Cornell Capital LLC; Knowlton Development Corporation;

Author: Ambrogio Visconti