---
schema_version: "secwatch.filing_event.v1"
accession: "0000916789-24-000039"
form_type: "8-K"
ticker: "HELE"
cik: "0000916789"
company_name: "HELEN OF TROY LTD"
filed_at: "2024-11-21T23:59:59+00:00"
generated_at: "2026-05-29T21:29:09.625674+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000916789-24-000039
- form_type: 8-K
- ticker: HELE
- cik: 0000916789
- company_name: HELEN OF TROY LTD
- filed_at: 2024-11-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/916789/000091678924000039/0000916789-24-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/916789/000091678924000039/hele-20241121.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000916789-24-000039
- JSON: https://secwatch.observer/filing/0000916789-24-000039.json
- Plain text: https://secwatch.observer/filing/0000916789-24-000039.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.