Reuters: Private Equity: L'Oreal eyes Milestone's Cadum-report

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L'Oreal eyes Milestone's Cadum-report Apr 23rd 2012, 05:55 PARIS, April 23 | Mon Apr 23, 2012 1:55am EDT PARIS, April 23 (Reuters) - France's L'Oreal is interested in buying soap and baby products company Cadum in a deal that could be worth 200 million euros ($264.16 million), Les Echos reported Monday. L'Oreal's Chief executive Jean-Paul Agon is looking to open exclusive negotiations with Milestone capital, a Franco-British investment fund that owns Cadum, the newspaper reported. Milestone acquired Cadum in 2007, investing 17.5 million euros in a leveraged buyout. Calls to L'Oreal and Milestone were not immediately returned. ($1 = 0.7571 euros) (Reporting by Nina Sovich; Editing by Hans-Juergen Peters)

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