Ronald Perelman–owned cosmetics giant Revlon, a longtime client of late Skadden, Arps, Slate, Meagher & Flom name partner Joseph Flom, has once again turned to the firm for counsel on its $660 million purchase of The Colomer Group from private equity firm CVC Capital Partners.
The all-cash deal, announced Monday, will see New York–based Revlon reenter the global salon business and purchase several leading beauty products brands by reacquiring the Spanish company it sold 13 years ago for $325 million to CVC and the family of founder Carlos Colomer.
