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Covington Advises Coty on Completion of Del Laboratories Acquisition

1/2/2008

NEW YORK, NY, January 2, 2008 — Coty Inc. has completed its acquisition of DLI Holding Corp., the parent company of Del Laboratories, Inc., one of the leading manufacturers of nail care, cosmetics, personal care, and OTC products. Covington & Burling LLP advised Coty on the transaction.

Coty Inc. is the world’s largest fragrance company and a recognized leader in global beauty with annual net sales of $3.3 billion. The acquisition enhances Coty Beauty’s fragrance, color and skincare portfolio through the addition of Del’s leading brands, including Sally Hansen, NYC Color, and La Cross.

The Covington corporate team was led by partner Scott Smith and included associates Jonas Marson and Luca Dalla Torre*. The New York, San Francisco, and Washington-based team also included partner Robert Newman and associate Katherine Mineka (employee benefits), partner Robert Heller (tax), partner George Chester and associate Andrew Lamb (antitrust), partner Corinne Goldstein (environmental), associate Heather Haberl (real estate), partner Bert Wells and of counsel Kathleen Gallagher-Duff (intellectual property), and partner Carey Roberts (capital markets).

*Not yet admitted to practice.

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