L'Occitane International S.A. (SEHK:973) entered into a purchase agreement to acquire Elemis Ltd from Steiner Leisure Limited for $900 million on January 11, 2019. The deal is to be funded by cash on hand and bank borrowings. The deal is expected to close in the first quarter of 2019. As of February 11, 2019, FTC granted early termination notice. Nomura and Bill Cooling of Jefferies International Limited acted as financial advisors to Elemis Ltd. Arash Attar-Rezvani, Patrick Dupuis and Pierre-Hadrien Darriet of Skadden acted as legal advisors to L'Occitane International. Joshua Kogan, Lukas Richards, Emma Julian, Shneur Wolvovsky and Vincent Thorn of Kirkland & Ellis acted as legal advisors to Elemis Ltd. Sylvain Dominici of EY acted as accountant for Steiner Leisure Limited. Jean-Marc Teurquetil and Nicolas Cadiot of Athema acted as financial advisors while Philippe Chavane, Maxence Pleynet, Rodolphe Challand, Pierre Didry and Rachel Aoust of PricewaterhouseCoopers Transaction Services acted as accountants for L'Occitane International. HSBC acted as financial advisor to L'Occitane International S.A.