Beiersdorf AG, has acquired Chantecaille Beaute Inc., USA, a prestige beauty company. The enterprise value of the deal ranges between $590 and $690 million.

Chantecaille offers skin care, fragrance and cosmetics products based on botanical ingredients combining efficacious formulas and a focus on sustainability and philanthropy. Following the close of the deal, the firm will be managed as a separate and complementary brand in the Beiersdorf Group.

“Through the acquisition of Chantecaille, we are bolstering our portfolio in prestige beauty and strengthening our position, especially in the United States, China and Korea, which is a priority of our C.A.R.E.+ strategy,” said Vincent Warnery, CEO of Beiersdorf. “With its strong philanthropic approach, Chantecaille is a clarion voice for global environmental concerns and supports conservation efforts around the world that are in line with Beiersdorf’s sustainability agenda care beyond skin.”

Lazard acted as financial advisor to Beiersdorf, while Freshfields Bruckhaus Deringer provided legal advice. Jefferies acted as financial advisor to Chantecaille, while Kirkland & Ellis provided legal advice.