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A&O Shearman advises PAI Partners on its acquisition of ELEMIS from L’Occitane

A&O Shearman advises PAI Partners on its acquisition of ELEMIS from L’Occitane
Published Date
Nov 5, 2026
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A&O Shearman has advised PAI Partners, a pre-eminent private equity firm, on its agreement to acquire ELEMIS, the globally recognized British prestige skincare brand, from LOI ELEMIS S.à r.l., a subsidiary of L’Occitane International S.A. (L’Occitane). 

Founded in 1989, ELEMIS is a British skincare brand inspired by the sea, the land, and the power of nature. Its heritage is rooted in discovery, from sourcing exceptional ingredients to pioneering biotechnology. For over 35 years, ELEMIS has been creating award-winning, sensorial skincare, drawing on its expertise in spa and professional treatments to deliver visible and clinically proven results. ELEMIS’ portfolio spans cleansers, serums, moisturizers, and specialist skincare treatments.

Completion is subject to U.S. merger control clearance under the HSR Act and Australian merger control clearance from the Australian Competition and Consumer Commission. Completion is expected in Q1 of 2027.

“The acquisition of ELEMIS is a significant transaction in the global prestige beauty sector. Our team brought together corporate and debt finance expertise to deliver a seamless result for PAI Partners. We are proud to have played a part in it and wish them every success in this next phase of growth and development.”

“We are delighted to support our longstanding client, PAI Partners, on the financing of its acquisition of ELEMIS - providing the business with a strong foundation to continue its growth trajectory.”

The A&O Shearman deal team was led by corporate partners Andrew Schoorlemmer and Tina Barazandeh-Nejad, alongside partner Jim Ford and senior associates Caroline Crawford, Oliver Barron, and Matt Maciejewski-Stephens, Magnus Yadi and Alexander George with associates Aabynn Cha and Iris Best. A separate team led by partners Adam Zecharia and Xinni Lim, alongside senior associates Tiffany Liow and Alexander George, and associate Talisha Ariarasa advised on the acquisition financing. Partner Tim Harrop and senior associates Hugh Brooks and James Eggleston advised on tax aspects. 

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