secwatch.observer — SEC 8-K summary
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Issuer:     e.l.f. Beauty, Inc. (ELF)
CIK:        0001600033
Form:       8-K
Filed at:   2023-08-29T23:59:59+00:00
Accession:  0001193125-23-222959
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

e.l.f. Beauty to acquire skin care brand Naturium for $355M in cash and stock
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- Total consideration of $355M includes ~$70M (600k shares) of e.l.f. stock issued to founders and key management.
- Naturium expected ~$90M net sales and ~$17M adj. EBITDA this year; purchase multiple ~4x sales and ~21x EBITDA.
- Deal expected to close around Sept. 30, 2023; fiscal 2024 contribution estimated at $48M net sales, $9M adj. EBITDA, $0.04 adj. EPS.
- Financed via cash on hand, revolver borrowings, and $115M incremental term loan under amended credit agreement.
- Naturium to remain in Los Angeles; founder Susan Yara supports transaction and brand's integration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1600033/000119312523222959/0001193125-23-222959-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1600033/000119312523222959/d533955d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-222959

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer