M&A
confidence high
sentiment positive
materiality 0.75
Edgewell acquires Billie Inc. for $310M all-cash; adds DTC women's shave brand
EDGEWELL PERSONAL CARE Co
- Purchase price of $310 million, subject to customary adjustments; transaction closed after HSR clearance.
- Billie is a fast-growing DTC brand offering razors, shave cream, body lotion, and other personal care products.
- Billie co-founders Georgina Gooley and Jason Bravman will continue to lead the brand.
- Acquisition expected to be slightly positive to Edgewell's adjusted cash EPS in fiscal 2022.
- Edgewell financed deal with cash on hand and revolver capacity; Billie to expand into brick-and-mortar retail in early 2022.