Olaplex to be acquired by Henkel for $2.06 per share in cash

Olaplex (OLPX) announced that it has entered into a definitive agreement to be acquired by Henkel for $2.06 per share in a cash transaction, representing an equity value of approximately $1.4B. The transaction represents a premium of approximately 55% over Olaplex’s closing stock price and a premium of approximately 45% over the volume weighted average price of Olaplex’s shares for the 30 trading days ended March 25. Upon completion of the transaction, the company will continue to operate under the Olaplex name and brand. Olaplex will no longer be listed on Nasdaq, and Advent will fully exit its investment in the company at close. The transaction, which was approved by the Olaplex board of directors, is expected to close as soon as the second half of 2026, subject to regulatory approvals and other customary closing conditions. Advent, as holder of more than a majority of the voting power of the outstanding shares of Olaplex common stock, has approved the transaction by written consent. As a result, no further action by other Olaplex stockholders will be required to approve the transaction.