ELEMIS
Acquired by
L'OCCITANE GROUP
ELEMIS acquired by L'OCCITANE GROUP
Context
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.
ELEMIS, which reported an EBITDA margin of LOGIN in 2018, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Retail & Consumer sector (11.3x).
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Target
ELEMIS is a UK-based luxury skincare brand founded in 1990, offering high-quality products formulated with natural ingredients and advanced scientific expertise, with a range of products for face and body, sold through various channels including online, wholesale, and distribution networks such as spas, beauty boutiques, and online retail platforms, with a significant presence in the UK and US, and a growth strategy focused on innovation and quality.
Ent. Value
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Equity Value
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Multiples
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with ELEMIS
REFERENCES
Valuation range: EV 500M - 1.5b EUR
Revenue range: 100M - 200M EUR
EBITDA range: 25M - 50M EUR
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Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Press release: view release
Target: elemis
Acquirer: l'occitane group