A team of transaction support specialists at PwC in the Midlands
acted for tanning company, St Tropez Group Ltd, on its sale to PZ
Cussons plc for a consideration of £62.5 million.
Commenting on the deal, John Bourdeaux, partner at
PricewaterhouseCoopers LLP in the Midlands, said:
"Backed by a strong management team since 2007,
Nottinghamshire-based St Tropez has gone from strength to strength.
Its sale will allow the well-known brand to be developed further
and introduced to markets around the world.
"In securing the deal, PwC's retail and consumer team delivered
financial and operational due diligence services."
Ben Boddice of PZ Cussons comments:
"PwC's Vender Due Diligence report was of a very high standard
enabling us to quickly get to grips with the key financial and
operational elements of the business."