At what enterprise value was CULTI MILANO acquired in 2026?

During the acquisition of CULTI MILANO by EMOSIA GROUP in 2026, the transaction's Enterprise Value is estimated to be in the range of 50M - 150M EUR.

What was the EV/EBITDA of CULTI MILANO when it was acquired by EMOSIA GROUP?

The estimated EV/EBITDA multiple for CULTI MILANO is in the range of 10x - 18x.

When was CULTI MILANO acquired by EMOSIA GROUP?

CULTI MILANO was acquired by EMOSIA GROUP in 2026.

What was the revenue of CULTI MILANO at the time of the deal?

The revenue of CULTI MILANO at the time of the deal is estimated to be in the range of 10M - 30M EUR.

What was the EBITDA of CULTI MILANO during the acquisition?

CULTI MILANO's EBITDA is estimated to be in the range of 0M - 5M EUR.

How is the data for the CULTI MILANO 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 CULTI MILANO 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://argos.fund/fr/le-groupe-emosia-proprietaire-notamment-de-maison-berger-paris-finalise-lacquisition-de-culti-milano-et-affirme-son-ambition-dans-le-luxe-a-linternational/

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Home Database Retail & ConsumerCULTI MILANO

04/2026

CULTI MILANO acquired by EMOSIA GROUP

ITALY Luxury Goods / High-End Lifestyle EV 50M - 150M EUR

Context

The transaction marks the formal acquisition of a 77.17% controlling interest in Culti Milano by Berger International (Emosia Group/Argos Fund), triggering a mandatory tender offer (OPA) for the remaining outstanding shares with the strategic objective of delisting the target. This acquisition is a synergistic move for Emosia Group, aimed at consolidating its market share in the premium home fragrance sector. By integrating the target’s luxury positioning and design-led product portfolio, Emosia strengthens its global competitive edge and diversification within the home decor category. The involvement of the target’s management via a reinvestment scheme highlights the acquirer's commitment to retaining critical human capital and institutional knowledge to drive the next phase of the company's international expansion.

CULTI MILANO, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Retail & Consumer sector (10.6x).

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Target

Culti Milano is an Italian luxury company specialized in the manufacturing and distribution of premium home fragrances and lifestyle products. Established as a niche player, the firm has built a distinctive brand identity centered on high-quality olfactory experiences, including diffusers, scented candles, and room sprays. Its business model focuses on the intersection of interior design and sensory aesthetics, catering to a sophisticated clientele that values craftsmanship, minimalist design, and exclusive fragrance profiles. By maintaining a strong presence in premium retail channels and high-end distribution networks, the company has cultivated a loyal customer base and a strong brand equity within the luxury home goods segment. The firm’s operations are supported by a streamlined production approach that emphasizes product quality and brand positioning, enabling it to maintain strong margins in a competitive discretionary spending category.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

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2024

2023

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REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 10M - 30M EUR

EBITDA range: 0M - 5M EUR

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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: culti milano

Acquirer: emosia group