Wasserstein Perella Partners agreed June 7 to purchase Maybelline at the same $300 mil. price tag that previous purchaser, MBP Acquisition Corp., originally offered. Schering announced May 7 that MBP had terminated its purchase of Maybelline. MBP includes the Playtex Family Products Corporation, Boston private investment firm Thomas H. Lee Company, as well as members of Maybelline and Playtex management, including Playtex President and CEO Joel Smilow. Wasserstein also announced that its $182 mil. acquisition of SmithKline Beecham's Yardley/Lentheric toiletries and cosmetics businesses has been completed.
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