L.H. Frishkoff, Manhattan Accounting & Tax Firm, Assists International Beauty Brand with Acquisition
Chantecaille Beaute Inc., USA Acquired by Beiersdorf AG
Manhattan-based tax and accounting firm L.H. Frishkoff (LHF) advised prestige beauty company Chantecaille Beaute Inc., USA during its recent acquisition by Beiersdorf AG. Depending on the future development of the Chantecaille business, the enterprise value is between $590 million and $690 million US Dollars. LHF played in a key role in preparing for and executing the sale.
Chantecaille retained LHF for the past 10 years as the luxury beauty company expanded internationally. In addition to assisting with the company’s tax and accounting services, LHF worked with Chantecaille on assurances, financial reporting, advisory services, tax preparation and planning. LHF’s support over last decade positioned the company for strategic and tax-efficient growth.
To help prepare Chantecaille for the sale, LHF provided audit preparation services, preparation of financial statements and due diligence services prior to information being shared with attorneys, executives, and investment bankers. LHF’s tax experts reviewed and advised the company on tax strategies and helped with the preparation and reconciliation of reports requested by the parties working on the acquisition.
Rick Barber, Managing Partner at LHF added that “he is proud of the work we’ve done over the last 10 years with the Chantecaille team, along with my team’s expertise and assistance guiding all of those involved. We are excited for the next phase of Chantecaille under the leadership of Beiersdorf AG and have been asked to continue to play a role during its transition into the Beiersdorf group.”
For nearly 100 years, L.H. Frishkoff has been a trusted and dedicated advisor, providing personal and corporate accounting and tax services. Services include accounting, auditing and tax preparation, maintenance, and management of financial data, recording of business and financial transactions, advisory services, assurance, and consulting services.