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02/2026

ESSENCES & PARFUMS acquired by SAGARD

FRANCE Chemicals & Materials / Specialty Chemicals / Flavors & Fragrances EV 100M - 350M EUR

Context

Sagard acquired a majority stake in Essences & Parfums from Trajan, which exited the business alongside minority investors Bpifrance, Smalt Capital, and the original founders. The transaction, completed following a swift three-month competitive process managed by an investment bank, saw strong interest from both financial sponsors and industrial players. The current management team, led by President Samuel Desprets, significantly reinvested in the deal. The transaction was financed via a unitranche debt facility provided by Eurazeo. The strategic roadmap under Sagard's ownership focuses on establishing local offices in the Middle East and Asia to strengthen the group's regional proximity and launching an external growth strategy to consolidate the fragrance market.

It is worth noting that the fund Trajan took control of Essences & Parfums through an LBO in 2023.

ESSENCES & PARFUMS, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).

-> Deep-dive in Industry & Manufacturing market trends

Target

Essences & Parfums is a specialized fragrance house providing bespoke aromatic compositions for the B2B market. The company excels in the creation and production of perfume concentrates used in fine perfumery and cosmetics. It has established a significant international footprint, particularly in high-growth regions such as the Middle East and Asia. Under recent management, the firm has professionalized its creative and commercial operations while maintaining its artisanal heritage, successfully positioning itself as a key supplier for international cosmetic and luxury brands.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2025
2024

Other operations with ESSENCES & PARFUMS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
05/2023TRAJANESSENCES & PARFUMSFRANCEFlavors & Fragrances

REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 10M - 30M EUR

EBITDA range: 5M - 25M EUR

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

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

Target: essences & parfums

Acquirer: sagard