Hypermarcas Adds Cosmetics Maker

Brazil’s Hypermarcas has agreed to buy cosmetics maker Niasi Industria de Cosmeticos for BRL366m. The owner of several consumer products brands will pay BRL233m cash, assume BRL40m in debt and pay the remaining BRL93m within 5 years. The cash comes from funds remaining from Hypermarcas’ BRL610m April IPO, a spokesman says, adding that it still has BRL200m earmarked for new acquisitions. Banco Safra advised Niasi. Hypermarcas did not use an advisor.