JPMorgan is structuring a $5.9bn financing package for Estée Lauder, as the cosmetics group advances discussions over a potential tie-up with Puig Brands, the Expansión reported.
The bank is coordinating talks with lenders to assemble funding for a cash-and-stock transaction, which could underpin one of the largest deals in the global beauty sector.
The proposed combination would bring together two major industry players, creating a scaled platform capable of competing more directly with global leaders such as L’Oréal.
Estée Lauder and Puig, both family-influenced businesses, confirmed last month that they were in discussions regarding a potential merger, although financial terms have not been disclosed.
The combined group would integrate a portfolio of premium brands, including MAC, Le Labo, Charlotte Tilbury, and Byredo, strengthening its position across luxury beauty categories.
Originally published here.