The transaction was conducted across numerous jurisdictions and is the largest brand acquisition by the French global beauty company, L'Oréal. The agreement is subject to regulatory approvals.

Aēsop is an Australian luxury cosmetics brand, known for its plant-based and natural ingredients for skin, hair and body products and is owned by Natura & Co. Founded in 1987 in Melbourne, Aēsop has grown into a global brand in luxury retail.

MinterEllison supported the Latham & Watkins deal team which was led by Paris corporate partner Pierre-Louis Cléro.

The team was led by Partners, Louella Stone and Siobhan Doherty and supported by lawyers in Australia as well as New Zealand-based MinterEllisonRuddWatts. A multi-disciplinary team of experts including corporate, foreign investment, competition, employment, privacy, finance, property and tax worked to tight deadlines to support signing on 3 April 2023.

Louella Stone said, "We are delighted to have worked with Latham & Watkins on this landmark acquisition for their global client, L'Oréal, of a homegrown Australian brand icon".

Siobhan Doherty said, "It was fantastic to bring together a high-calibre, multi-disciplinary, cross-jurisdictional team of experts to bring this deal to a successful outcome. It demonstrates the depth of experience of the MinterEllison team in executing on complex cross-border transactions".