Unilever Acquires Hair Wellness Brand Nutrafol
New York – June 1, 2022 – Cooley advised Nutrafol, a leading provider of hair wellness products, on its agreement to sell a majority stake in the company to Unilever. Partner Kevin Cooper led the Cooley team advising Nutrafol on the transaction, and partner Stephane Levy has acted as longtime corporate counsel to the company. Nutrafol is backed by Unilever Ventures and consumer-focused private equity firm L Catterton.
Nutrafol will add to Unilever’s portfolio of world-leading and trusted brands. The company will continue to be based in New York and led by co-founder and CEO Giorgos Tsetis. Nutrafol will operate as part of Unilever’s health and well-being unit, which includes brands such as OLLY, Liquid I.V. and Onnit.
“Joining forces with a leading global organization like Unilever, and all the resources and scale that comes with that, is the natural evolution in our mission to help people grow into their best selves through wholebody health,” Tsetis said in a press release.
Launched in 2016, Nutrafol is the #1 dermatologist-recommended hair growth brand in the US, and offers a range of clinically tested, physician-formulated products designed to address thinning hair and compromised hair health for women and men at various life stages. Nutrafol takes an individualized, whole-body approach that that leverages its patented Synergen Complex – a blend of medical-grade nutraceutical ingredients that target multiple root causes affecting hair health, including hormones, stress, lifestyle, metabolism, nutrition and aging. Nutrafol is backed by more than 3,000 physicians across the US for its trusted, reliable results.
About Cooley LLP
Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.
Cooley has 1,500 lawyers across 17 offices in the United States, Asia and Europe.
This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.