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 €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)
Other operations with Inflexion
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2026 | INFLEXION | SALTO SYSTEMS | SPAIN | Safety & Security |
| 07/2026 | INFLEXION | PRIMED | GERMANY | Medical Consumables |
| 02/2026 | INFLEXION | MARIOFF | FINLAND | Safety & Security |
| 01/2026 | INFLEXION | RANGER FIRE AND SECURITY | UNITED KINGDOM | Security & Guarding |
| 01/2025 | INFLEXION | MECENAT GROUP | SWEDEN | E-commerce & Marketplaces |
| 11/2024 | INFLEXION | FINANZEN.NET | GERMANY | Content & Publishing |
| 02/2024 | INFLEXION | AXIOM GRC | UNITED KINGDOM | Software |
Similar deals in Consumer Products
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 10/2026 | ANTA SPORTS | PUMA | GERMANY | Sport |
| 10/2026 | GALDERMA | ZO SKIN HEALTH | UNITED STATES | Hygiene & Beauty Brands |
| 09/2026 | SAMSONITE GROUP | BÉIS | UNITED STATES | Fashion & Apparel |
| 09/2026 | WHITE SPACE GROUP WSG | NASTY GAL | UNITED STATES | Fashion & Apparel |
| 09/2026 | PUIG | ISDIN | SPAIN | Hygiene & Beauty Brands |
| 09/2026 | HEARTLAND | AIAYU | DENMARK | Fashion & Apparel |
| 09/2026 | EXTRAVAGANZA BEAUTY | ROJA LONDON | UNITED KINGDOM | Hygiene & Beauty Brands |
| 09/2026 | PORTOBELLO CAPITAL | MARTINEZ OTERO | SPAIN | Home & DIY |
| 09/2026 | CAUDALIE GROUP | TALM | FRANCE | Hygiene & Beauty Brands |
| 09/2026 | BELLE BRANDS | VEGAMOUR | UNITED STATES | Hygiene & 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
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