Arnold & Porter and Latham & Watkins were advisors on Kim Kardashian-backed private equity firm SKKY Partners’ minority investment in London-based luxury skincare brand 111SKIN.

Arnold & Porter advised 111SKIN and Latham advised SKKY Partners on the deal, financial terms of which were not disclosed. The investment allows 111SKIN to strengthen its direct-to-consumer business while expanding its customer base in key markets, including North America and Asia. Co-founders Eva and Dr. Yannis Alexandrides will retain majority ownership and continue to lead the company, along with CEO Vanessa Goddevrind.

The partnership supports SKKY’s goal of investing in high-quality, growth companies. SKKY was co-founded by Kardashian and former Carlyle Group partner Jay Sammons. It pursues control and active minority investments across subsectors that include beauty and personal care; health and wellness; food and beverage; apparel, accessories and footwear; luxury and hospitality.

“We are excited to join forces with visionary partners that will help us write the future success story of our brand,” said 111SKIN co-founders Dr. Yannis and Eva Alexandrides.

David Brisske, SKKY Partners’ managing director, said: “Eva, Yannis, Vanessa and the 111SKIN team have created and nurtured a coveted brand with world-class products and a loyal customer base, which fits perfectly with SKKY’s strategy.”

The Arnold & Porter team was led by London partner Jeremy Willcocks and senior associate Emelia Morris.

Latham’s corporate team was led by London partner Neil Campbell, Washington DC partner Paul Sheridan and Chicago partner Daniel Breslin, with associates Zaal Cama and Irene Brandão.

Founded in 2012 by plastic and reconstructive surgeon Dr. Yannis Alexandrides, 111SKIN is a global skincare brand named after its headquarters at 111 Harley Street in London.

Goldman Sachs International acted as sole placement agent on the transaction, and Raymond James served as financial advisor to SKKY Partners.