At what enterprise value was ASQUAN acquired in 2026?

You can find the full valuation details of ASQUAN on mynth capital. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Industry & Manufacturing industry currently tracks an average EBITDA multiple of 11.0x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of ASQUAN when it was acquired by COSMOGEN?

The exact EV/EBITDA multiple for ASQUAN is available on mynth capital. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.0x. Join our community for free to access full valuation data and industry trends.

When was ASQUAN acquired by COSMOGEN?

ASQUAN was acquired by COSMOGEN in 2026.

What was the revenue of ASQUAN at the time of the deal?

The revenue of ASQUAN at the time of the deal is estimated to be in the range of 10M - 30M EUR. Register for free to access the full transaction report and exact valuation multiples.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the ASQUAN acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the ASQUAN deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.weinbergcapital.com/actualites/cosmogen-acquiert-asquan-et-cree-un-leader-du-packaging-premium-de-la-beaute/

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Home Database Industry & ManufacturingASQUAN

05/2026

ASQUAN

Acquired by

COSMOGEN

CHINA Chemicals & Materials / Packaging & Containers REV 10M - 30M EUR

ASQUAN acquired by COSMOGEN

CHINA Chemicals & Materials / Packaging & Containers REV 10M - 30M EUR

Context

This transaction represents Cosmogen's first external growth initiative since its spin-off and is a transformative step to double its operational scale. Driven by its controlling shareholder, Weinberg Capital Partners, the acquisition aims to create a new global reference in the premium beauty packaging market, the Cosmogen & Asquan Group. The strategic rationale is founded on the strong complementarities between the two entities. Cosmogen contributes its deep expertise in patented, technical applicators and its established relationships with major European beauty conglomerates. Asquan provides a broad, multi-category product portfolio, a significant foothold in the dynamic U.S. market through its work with independent brands, and well-regarded operational processes. This merger creates a more resilient and diversified group with an expanded product catalog, a balanced geographic footprint, and a wider client portfolio. The deal is a direct response to the consolidation trend within the wider cosmetics industry, giving the combined entity the critical size required to serve global brands more effectively and enhance its competitive positioning. The integration process is reinforced by the founder of Asquan joining the new group's leadership as Chief Operating Officer.

ASQUAN, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Industry & Manufacturing sector (11.0x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Asquan is a specialist in providing premium, multi-category packaging solutions for the beauty industry. The company has built a prominent reputation through its broad offering of custom-designed products, catering to the diverse needs of cosmetic brands. Asquan has a particularly strong presence in the United States, where it collaborates extensively with dynamic and fast-growing independent brands, often referred to as "indie brands." This focus allows the company to remain agile and responsive to emerging market trends. The company is also recognized for the quality of its organizational structure and efficient operational processes, which ensure reliable execution for its clients. It operates on a "fabless" model, focusing on design and project management while outsourcing manufacturing. In 2025, Asquan's dedication to sustainable and ethical practices was recognized with an EcoVadis Gold medal, underscoring its strong performance in environmental, social, and governance (ESG) criteria. The firm's core expertise lies in creating innovative and high-quality packaging that helps brands connect with their consumers.

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REFERENCES

Revenue range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ASQUAN by COSMOGEN are reserved for mynth community members. Register for free to unlock full data.

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: asquan

Acquirer: cosmogen