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09/2026MinorityLBO

Inflexion invests in Manucurist

FRANCE Consumer Products / Personal & Household / Hygiene & Beauty Brands EV €300–700M

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 €300–700M rather than an outright buyout. At the time of the transaction, Manucurist reported annual revenue of €50–100M and an EBITDA of €5–25M. 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.

The acquisition of Manucurist is part of the growth strategy of Inflexion, which already has several external growth operations under its belt, notably Salto Systems in 2026.

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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.

Ent. Value

€300–700M

Equity Value

[members only]

Multiples

EV / Revenue

4x–10x

EV / EBITDA

Above 20x

EV / EBIT

Above 20x

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2025
€50–100M
€5–25M
€5–25M
2024
€50–100M
€5–25M
€5–25M

Other operations with Inflexion

Other operations with Inflexion
DateAcquirerTargetCountrySector
07/2026INFLEXIONSALTO SYSTEMSSPAINSafety & Security
07/2026INFLEXIONPRIMEDGERMANYMedical Consumables
02/2026INFLEXIONMARIOFFFINLANDSafety & Security
01/2026INFLEXIONRANGER FIRE AND SECURITYUNITED KINGDOMSecurity & Guarding
01/2025INFLEXIONMECENAT GROUPSWEDENE-commerce & Marketplaces
11/2024INFLEXIONFINANZEN.NETGERMANYContent & Publishing
02/2024INFLEXIONAXIOM GRCUNITED KINGDOMSoftware

Similar deals in Consumer Products

Similar deals in Consumer Products
DateAcquirerTargetCountrySector
10/2026ANTA SPORTSPUMAGERMANYSport
10/2026GALDERMAZO SKIN HEALTHUNITED STATESHygiene & Beauty Brands
09/2026SAMSONITE GROUPBÉISUNITED STATESFashion & Apparel
09/2026WHITE SPACE GROUP WSGNASTY GALUNITED STATESFashion & Apparel
09/2026PUIGISDINSPAINHygiene & Beauty Brands
09/2026HEARTLANDAIAYUDENMARKFashion & Apparel
09/2026EXTRAVAGANZA BEAUTYROJA LONDONUNITED KINGDOMHygiene & Beauty Brands
09/2026PORTOBELLO CAPITALMARTINEZ OTEROSPAINHome & DIY
09/2026CAUDALIE GROUPTALMFRANCEHygiene & Beauty Brands
09/2026BELLE BRANDSVEGAMOURUNITED STATESHygiene & Beauty Brands

REFERENCES

Valuation range: EV €300–700M

Revenue range: €50–100M

EBITDA range: €5–25M

EV/Revenue range: 4x - 10x

EV/EBITDA range: Above 20x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Manucurist by Inflexion 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: manucurist

FAQ

What transaction does this page cover?

This page covers the acquisition of a minority stake in Manucurist, a French company specialised in Personal & Household, by Inflexion in 2026, structured as a leveraged buyout (LBO).

How was the acquisition of Manucurist by Inflexion valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €300–700M band, its EV/EBITDA multiple within the Above 20x range, and its EV/revenue multiple within the 4x - 10x range. Exact figures are available to members.

What were Manucurist’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Manucurist generated annual revenue estimated in the €50–100M range and EBITDA in the €5–25M bracket (FY 2025). Detailed financial figures are available to members.

What sources support the information on this transaction?

The details of this transaction are sourced directly from the official corporate announcement published on the parties’ institutional website, ensuring primary-source verification of the closing and perimeter.

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