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DC Advisory advises CVC Capital Partners on the sale of FineToday to Bain Capital

Background

  • CVC Capital Partners is a private equity and investment advisory firm with approximately US $186 bn in AUM 
  • Bain Capital is an international investment firm with approximately US $185 bn in AUM 
  • FineToday Holdings Co., Ltd. is a leading personal care and beauty company with a portfolio of brands across skincare, haircare, and body care
  • In 2021, CVC Asia Fund V completed the carve-out of FineToday from Shiseido, supporting its international expansion and growth in Southeast Asia 

Process

  • DC Advisory acted as financial advisor to CVC 

Outcome

  • On 2 February 2026, an agreement was reached for Bain Capital to acquire 100% of the outstanding shares of FineToday Holdings from CVC Asia Fund V and other shareholders
  •  The completion of the transaction is subject to customary closing conditions and regulatory approval
  • Bain Capital aims to leverage FineToday’s product development capabilities and established brand presence in Asia to support further business growth internationally 

What to read next

Date
Sectors
  • Consumer, Leisure & Retail
Deal type
  • M&A Advisory
Deal locations
Japan
Deal team
Managing Director
Managing Director
Director
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