INFLEXION invests in Manucurist
Context
Inflexion takes a minority equity stake in Manucurist through its Inflexion Enterprise Fund VI vehicle, structuring the transaction as a growth capital investment in the French clean-beauty brand at an enterprise value of rather than an outright buyout. At the time of the transaction, Manucurist reported annual revenue of and an EBITDA of . The founders and existing management team retain majority voting rights and full day-to-day operational control following the transaction. Proceeds from the investment are earmarked to fund Manucurist's commercial expansion into the United States, targeting selective placements with premium department stores and specialty beauty retailers alongside direct-to-consumer and digital marketplace channels. The capital injection also supports senior hiring across executive and brand-marketing functions, alongside an accelerated product development pipeline focused on eco-friendly nail care and adjacent clean cosmetic categories, including bio-sourced and non-toxic beauty formulations.
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Target
Founded in 2016 and headquartered in Paris, Manucurist is a French nail‑care brand that develops plant‑based, vegan formulations and pioneered the at‑home LED gel manicure. The company distributes its products through an omni‑channel network that combines direct‑to‑consumer e‑commerce, retail partners and pharmacy outlets, and it is active in more than 40 countries across Europe, the United Kingdom and the United States. Its portfolio covers colour polishes, base and top coats and nail‑care treatments designed for all nail types, with a focus on non‑damaging, clean ingredients. Manucurist operates a founder‑led business model in which product development, marketing and community engagement are integrated; the brand reports a community of over one million followers that contributes to organic reach and feedback loops. The firm maintains a lean operational structure, leveraging digital channels and marketplace platforms to scale internationally while retaining control over formulation and quality standards. Current capacity includes a central R&D hub in Paris, a supply chain that sources botanical raw materials, and a distribution network that serves both online shoppers and brick‑and‑mortar retailers.
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REFERENCES
Valuation range: EV 300M - 700M EUR
Revenue range: 50M - 100M EUR
EBITDA range: 5M - 25M 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.
Press release: view release
Target: manucurist
Acquirer: inflexion