- Today
- Holidays
- Birthdays
- Reminders
- Cities
- Atlanta
- Austin
- Baltimore
- Berwyn
- Beverly Hills
- Birmingham
- Boston
- Brooklyn
- Buffalo
- Charlotte
- Chicago
- Cincinnati
- Cleveland
- Columbus
- Dallas
- Denver
- Detroit
- Fort Worth
- Houston
- Indianapolis
- Knoxville
- Las Vegas
- Los Angeles
- Louisville
- Madison
- Memphis
- Miami
- Milwaukee
- Minneapolis
- Nashville
- New Orleans
- New York
- Omaha
- Orlando
- Philadelphia
- Phoenix
- Pittsburgh
- Portland
- Raleigh
- Richmond
- Rutherford
- Sacramento
- Salt Lake City
- San Antonio
- San Diego
- San Francisco
- San Jose
- Seattle
- Tampa
- Tucson
- Washington
Calabasas Today
By the People, for the People
KKR Prepares Wella Company for US IPO
Beauty company that owns OPI nail polish could be valued at over $4.3 billion
Published on Feb. 3, 2026
Got story updates? Submit your updates here. ›
Investment firm KKR is preparing Wella Company, the owner of OPI nail polish and other beauty brands, for an initial public offering in the U.S. as soon as this year. The IPO could value Wella at meaningfully more than the $4.3 billion KKR paid to acquire a majority stake in the company in 2020.
Why it matters
The planned Wella IPO reflects optimism in the consumer and beauty sectors for a potential IPO window after a few slow years. Wella's diverse portfolio of professional and consumer haircare brands, including OPI, Briogeo, ghd, and Clairol, make it an attractive IPO candidate as consumer spending on personal care products has remained resilient.
The details
KKR initially acquired a 60% stake in Wella from beauty conglomerate Coty in 2020, valuing the business at $4.3 billion. KKR has since increased its ownership to 100%, buying the remaining 25.8% stake in December 2025 for $750 million. Wella, which employs over 6,000 people, has primary offices in Geneva, Switzerland, New York City, London, and Calabasas, California, with a large R&D facility in Darmstadt, Germany.
- KKR acquired a 60% stake in Wella in 2020.
- KKR bought the remaining 25.8% of Wella in December 2025.
The players
KKR
A global investment firm that acquired a majority stake in Wella Company in 2020 and has since increased its ownership to 100%.
Wella Company
A global beauty company that owns professional and consumer haircare brands including OPI nail polish, Briogeo, ghd, and Clairol.
Coty
A beauty conglomerate that previously owned Wella and sold a 60% stake to KKR in 2020.
What’s next
Wella Company is working with investment banks including Bank of America and Goldman Sachs to prepare for the planned U.S. IPO, which could happen as soon as this year.
The takeaway
The planned Wella IPO reflects the resilience of the beauty sector and the potential for consumer-focused companies to find success in the public markets, even after a period of slower IPO activity. The deal also highlights KKR's ability to identify and capitalize on opportunities in the beauty industry.
