L'Oréal S.A. (ENXTPA:OR) entered into an agreement to acquire Takami Co., Ltd. from Hiroshi Takami on December 23, 2020. L’Oréal also renewed a very long term brand licensing agreement with Takami and signed a collaboration contract with the Takami clinics. Takami Co., Ltd. achieved sales revenue of about €50 million in 2019. The acquisition should be completed in the next few weeks. Citigroup Inc. (NYSE:C) acted as financial advisor to Takami Co., Ltd. JPMorgan Chase & Co. (NYSE:JPM) acted as financial advisor to L'Oréal S.A. Natsuko Sugihara of Clifford Chance acted as legal advisor to Liberty Specialty Markets Singapore Pte. Limited. L'Oréal S.A. (ENXTPA:OR) completed the acquisition of Takami Co., Ltd. from Hiroshi Takami on January 18, 2020.