IRD INVEST / MANAGEMENT & PRIVATE INVESTORS take majority stake in DECADE
Context
Vincent Dufaux has taken over Decade, the Annezin-based perfume packaging company, in a deal announced on 19 January 2026 and backed by IRD Invest and Finorpa Gestion. The two investors come in through their Nord Croissance and Finorpa SCR funds. Founder Pierre-Yves Le Gallic, sole shareholder since he created the business in 1990, is retiring but reinvests alongside Dufaux and the funds. Le Gallic chose Dufaux's offer at the end of a sale process run by IRD M&A. Dufaux, who previously held international management roles at BaByliss, intends to accelerate Decade's international development and gradually modernise its industrial and organisational processes. Finorpa already knows the company well, having financed its first developments in 1995. Bank debt comes from Banque Populaire du Nord, Crédit Agricole and BPI Financement. IRD M&A advised Le Gallic through Jean-Yves Pettenati and Matthieu Debosque, while Dynamef (Alex Sauvage) and Grange Avocats (Pierre-Antoine Grange) acted for Dufaux and the investors, with CTN France and Grange Avocats carrying out due diligence.
DECADE, which reported an EBITDA margin of in 2026, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Industry & Manufacturing sector (11.5x).
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Target
Founded in 1990 by Pierre-Yves Le Gallic, Decade fills and packages perfumes for fragrance brands that outsource these final production stages, working from its site in Annezin, near Béthune in northern France. Its work covers the steps between the perfume concentrate and the finished product: maceration of the juice, filling and packaging, then the logistics that prepare orders for dispatch. Customers are fragrance and beauty brands in France and abroad, many of them served through export sales.
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REFERENCES
Revenue 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.
Acquirer: ird invest