AROMA-ZONE acquired by EURAZEO

Ardian Growth acquired a minority stake in Kapten & Son to support the company's international expansion and operational scaling. The investment was made through the EUR320 million Ardian Growth Fund II. The founders retained a majority stake to remain incentivized as they collaborate with Ardian on a strategic roadmap. This partnership focuses on further penetrating the German market followed by a targeted entry into the French market and eventually global expansion. The growth strategy includes a potential buy-and-build approach in niche segments and the co-development of new product lines, leveraging Ardian's pan-European network and digital expertise to transition the brand from a regional leader to a global lifestyle player.

HLD acquired a majority stake in Jimmy Fairly, allowing the exit of minority shareholders Experienced Capital (who held >40%) and historical seed investor Odyssee Venture. The founders reinvested significantly alongside HLD. The transaction concludes a competitive process managed by Lazard. HLD's entry aims to accelerate the brand's international expansion (beyond the UK) and scale the network to reach a revenue ambition of EUR500M in the long term.

Permira agreed to acquire a majority stake in Golden Goose from The Carlyle Group, prevailing over rival bidder Advent International after a year-long negotiation process. This transaction represents a classic "Secondary Buyout," where a new private equity owner takes the baton to drive the next phase of growth. Under Carlyle's ownership (since 2017), Golden Goose had already doubled its revenue. Permira's strategic plan focuses on accelerating the brand's global expansion, particularly in the US and Asian markets, and shifting the business model further towards Direct-to-Consumer channels (both physical retail and e-commerce) to capture higher margins and control the brand experience.

3i Group agreed to invest approximately 125 million to acquire a majority stake in MPM alongside the existing management team. The transaction is built on a thesis of international expansion: 3i aims to use its global network and brand building expertise to accelerate MPM's growth in North America, a key strategic priority. The partnership also focuses on supporting product innovation and sustainability initiatives (such as recyclable packaging).

The Carlyle Group sold 100% of Britax Childcare to Nordic Capital following approximately five years of ownership during which revenues approximately doubled and earnings more than doubled. Carlyle had acquired the business from Britax International in October 2005 and focused its value creation strategy on geographic expansion into emerging markets, product range diversification including the launch into wheeled goods and travel systems, enhancement of the company's online presence, and continuous investment in R&D and safety technology innovation.

L Catterton acquired a majority stake in JOTT to transform the family-run SME into a global brand. The Gourdikian family retained a significant minority stake. At the time of the deal, the company was valued based on an EBITDA of ~EUR25M and a turnover of ~EUR70M. The strategy focused on international expansion (Asia/Europe) and e-commerce acceleration.

Capital Croissance, a French growth equity firm, entered the capital of Onatera through a growth equity transaction structured as a capital reorganization and recapitalization. The deal involves an equity injection alongside a reshuffling of existing shareholders, with Capital Croissance taking the place of exiting shareholder Entrepreneur Venture, which had entered the company in 2015. The operation is designed to support Onatera’s next phase of expansion, including business model evolution, geographic reach, and potential external growth opportunities. The funds are intended to finance initiatives such as the deployment of physical retail locations, international development, and further optimization of the digital and logistics infrastructure. From a strategic standpoint, the transaction provides Onatera with both capital and advisory support from an investor club composed of entrepreneurs and family offices, reinforcing governance and access to networks.

The transaction between Filorga and Colgate-Palmolive is a major strategic operation, which enables Colgate-Palmolive to strengthen its position in the personal care market. This acquisition allows Colgate-Palmolive to complete its range of personal care products, by integrating the expertise and products of Filorga. The transaction is also an opportunity for Colgate-Palmolive to strengthen its presence in the European market, where Filorga is already well established. The sale of Filorga to Colgate-Palmolive is the result of a sale process led by Goldman Sachs and BNP Paribas, which has attracted the attention of several cosmetics giants. The transaction is expected to be finalized by the end of the third quarter of 2019.

The Kooples has been acquired by the Swiss family group Maus Freres, which also owns Lacoste, Gant, and Aigle, as part of its development strategy focused on accessible luxury premium brands. The brand was previously owned by the Elicha family (founder and majority shareholder) and the LBO France fund, which held a 20% stake.

L'OCCITANE announced the acquisition of ELEMIS, a UK-based luxury skincare brand aiming to strengthen its portfolio of luxury beauty brands and expand its presence in the luxury cosmetics market. This acquisition is the largest since the listing of L'Occitane on the Hong Kong Stock Exchange in 2010. ELEMIS will become a wholly-owned subsidiary, with a growth strategy focused on innovation and quality. The french group expects this acquisition to increase its presence in the luxury cosmetics market, particularly in Asia-Pacific, where the group has a strong presence. The acquisition of ELEMIS will also enable L'OCCITANE to develop its omnichannel distribution strategy and strengthen its position in the skincare market. The acquisition is expected to be completed in the first quarter of 2019, with ELEMIS' management team remaining in place to lead the brand's growth and development.