The Danish cosmetics distributor TMC Nordic has sold a 65% majority stake to German Nobilis Group, which is owned by the Gebr. Heinemann group.
TMC Nordic is a leading Nordic distributor of cosmetics in the niche and luxury segments and an expert in selling prestigious beauty products both online and in physical stores. The company currently distributes approx. 25 brands and has more than 500 retailers in the Nordic countries.
TMC Nordic was formed in 2004 by CEO Heidi Behrens and has local teams and offices in the Nordic countries. Heidi Behrens will continue as a significant minority shareholder and CEO leading the company from the headquarters in Copenhagen.
Nobilis Group is a leading beauty product distributor in the DACH region and has more than 30 years’ experience in the beauty industry. Nobilis is part of the Gebr. Heinemann group, one of the world’s leading retailers and distributors for the international travel market (airports etc.) with annual revenue of EUR 3.6bn.
The transaction is subject to approval by a range of European competition authorities and is expected to be completed in Q1 2025.
Read more about the transaction in Børsen’s article here.
Accura advised the seller, TMC Nordic and the management in connection with the transaction.