Milbank, Tweed, Hadley & McCloy and Paul, Weiss, Rifkind, Wharton & Garrison have advised cosmetics maker Revlon on its $870 million deal to buy Elizabeth Arden, which turned to Weil, Gotshal & Manges for counsel. 

This deal is intended to strengthen and expand Revlon’s skincare and fragrance business in high-growth markets including the Asia-Pacific region. Elizabeth Arden has a strong presence in the luxury skincare market, mainly in the anti-aging category. 

BofA Merrill Lynch and Citigroup Global Markets have committed about $2.6 billion to fund the deal and refinance the debt of the two cosmetic makers.