Willkie Advises Selling Shareholders in $588 Million Secondary Offering of Ulta Beauty Common Stock

May 11, 2012

Ulta Beauty, the nation’s largest beauty products and services retailer, prices offering of seven million shares by Willkie clients Doublemousse B.V. and Moussetrap.

On May 9, Ulta Salon, Cosmetics & Fragrance, Inc. (Ulta Beauty), the nation’s largest beauty products and services retailer, announced it has priced an underwritten public offering of seven million shares of its common stock held by certain entities associated with Mousse Partners, at a price to the public of $84.00 per share, in a deal valued at $588 million. Willkie represented the selling stockholders, Doublemousse B.V. and Moussetrap. The underwriters have a 30-day option to purchase up to an additional 1,050,000 shares from one of the selling stockholders.

With 467 retail stores across 44 states, Ulta Beauty provides one-stop shopping for prestige, mass and salon products and salon services. The company offers over 20,000 products across the categories of cosmetics, fragrance, haircare, skincare, bath and body products and salon styling tools, as well as salon haircare products.

The deal was handled by partners Nora Ann Wallace and Jeffrey Hochman and associate Danielle Scalzo.