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06/2015

LUCAS MEYER COSMETICS acquired by INTERNATIONAL FLAVORS & FRAGRANCES (IFF)

CANADA Chemicals & Materials / Specialty Chemicals / Flavors & Fragrances EV 300M - 700M EUR

Context

Unipex (owned by IK Investment Partners) sold its subsidiary Lucas Meyer Cosmetics to IFF. This "build-down" strategy allowed Unipex to monetize its most valuable asset. Following this sale, Unipex refocused solely on its distribution business in France/Benelux (which was later the subject of the 2019 transaction).

LUCAS MEYER COSMETICS, which reported an EBITDA margin of in 2014, 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).

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Target

Lucas Meyer Cosmetics was the proprietary business unit of the Unipex Group. Unlike the rest of the group (which did distribution), Lucas Meyer developed, manufactured, and marketed innovative active ingredients for the cosmetic industry. Based in Canada and France, the company held a portfolio of proprietary patented ingredients (peptides, natural actives) used by major beauty brands. In 2014, it generated approximately EUR40 million in revenue with very high profitability (~40% EBITDA margin).

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2014
2013

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REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 25M - 50M 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 LUCAS MEYER COSMETICS by INTERNATIONAL FLAVORS & FRAGRANCES (IFF) 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: lucas meyer cosmetics