News and Deals

Linklaters advises the lenders on the financing for PAI Partners’ acquisition of ELEMIS from L’OCCITANE Group

Deals|
5 November 2026

Press Contact 

Helen Smith
Communications and Corporate Affairs Lead 
+44 207456 4440
helen.smith@linklaters.com

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PAI Partners has agreed to acquire ELEMIS, the British premium skincare brand, from L’OCCITANE Group, marking its latest investment in the consumer and beauty sector.

Our team advised the various lenders supporting PAI’s bid to acquire the company, demonstrating our expertise in delivering complex private credit acquisition financings for leading sponsors and their lending partners.

The transaction brings together an established global skincare brand and a private equity firm with significant consumer sector experience, against a backdrop of growing demand for premium beauty and wellness products.

The Linklaters team was led by leveraged finance partners Pathik Gandhi and Tarini Wettimuny, supported by Luke Dee, Connor Hall and Chloe Chia.