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Helen Of Troy To Buy Healthy Directions For About $195 Mln Cash - Quick Facts

Personal care products maker Helen of Troy Ltd. (HELE) has agreed to acquire Healthy Directions, LLC and its divisions for around $195 million in cash. The sellers are certain funds controlled by American Securities, LLC and ACI Capital Co., LLC. On a trailing twelve-month basis through March 2014, the purchase implies a multiple of less than 8.0 times adjusted EBITDA. Upon completion, Healthy Directions would continue to be based in Bethesda, Maryland.

The transaction is likely to be accretive on a cash flow, adjusted EBITDA and adjusted earnings per share basis. With around $145 million of net sales in 2013, Healthy Directions is expected to increase Helen of Troy's revenues by over 10% on an annualized basis.

The deal may close during Helen of Troy's second fiscal quarter. J.P. Morgan Securities LLC acted as an exclusive financial advisor to Helen of Troy Limited on the acquisition of Healthy Directions.

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