News reports claim that Han High is close to acquiring the hair care brand Olaplex.

According to sources familiar with the matter, German company Henkel Group is in deep negotiations to acquire the hair care brand Orla Pave Holdings. Orla Pave has gained a large number of loyal consumers with its shampoo and other hair care products. The above-mentioned anonymous sources stated that Henkel Group, headquartered in Dusseldorf, Germany, could announce the acquisition of Orla Pave in the next few days. The acquisition price being discussed values Orla Pave at around $2 per share. The sources mentioned that the deal has not been finalized yet, and negotiations may still fall through or the timing of the transaction may change. Spokespersons for Henkel and Orla Pave have not responded to requests for comment. Private equity firm Anhong Capital is the largest shareholder of Orla Pave. Orla Pave is one of the companies that went public during the peak valuation period after the COVID-19 pandemic in 2021. Earlier this month, Orla Pave management warned investors of weak first quarter performance, causing the company's stock price to drop by around 25%. The stock closed at $1.33 per share on the New York market last Wednesday, with a market value of approximately $890 million.