Helen of Troy to acquire nail care brand Olive & June for $240M

HELEN OF TROY LTD

Total purchase price $240M: $225M cash at closing + $15M earnout; multiple <11x CY2025 adj. EBITDA.
Olive & June CY2024 net sales expected ~$92M; deal expected to close before year-end 2024.
Acquisition expected to be immediately accretive to revenue growth, gross margin, adj. EBITDA margin, adj. diluted EPS, and FCF conversion.
Pro forma net leverage ratio expected 3x or less at closing; founder/CEO Sarah Gibson Tuttle to remain.
Helen of Troy also executed $250M notional interest rate swaps in Sept 2024, fixing avg SOFR at 3.7%.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.