mynth
02/2026

OLAPLEX acquired by HENKEL

UNITED STATES Consumer Products / Personal & Household / Hygiene & Beauty Brands EV 1b - 4b USD

Context

Henkel has entered into a definitive agreement to acquire 100% of Olaplex Holdings, Inc. for a cash consideration of $2.06 per share. The deal has received unanimous approval from Olaplex’s Board of Directors and the irrevocable support of its controlling shareholder, Advent International. The strategic rationale for the acquisition is the integration of Olaplex’s patented "bond-building" technology and its strong professional-led distribution model into Henkel’s Consumer Brands infrastructure. This merger allows Henkel to fill a critical gap in its prestige portfolio, providing a springboard for accelerated innovation and molecular-level hair repair solutions. The acquisition is expected to be significantly value-creative, leveraging Henkel’s global scale to drive Olaplex’s next phase of international growth while reinforcing hair care as a cornerstone of Henkel’s long-term consumer strategy.

OLAPLEX, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Retail & Consumer sector (11.0x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in Retail & Consumer market trends

Target

Olaplex is a high-growth, science-led premium hair care brand founded on patented bond-building technology. The company operates a specialized business model focused on three main pillars, the professional stylist channel, specialty retail (such as Sephora), and direct-to-consumer e-commerce. Its product portfolio is centered on high-performance chemical formulations designed to repair damaged hair at the molecular level. Olaplex maintains a balanced global presence, with a dominant market share in North America and a rapidly expanding international footprint. Known for its strong emotional connection with professional stylists and "prestige" positioning, the brand serves as a bridge between salon-grade clinical results and at-home luxury maintenance, driving significant brand loyalty and high gross margins.

Ent. Value

LOGIN

Equity Value

LOGIN

Multiples

EV / Revenue

LOGIN

EV / EBITDA

LOGIN

EV / EBIT

LOGIN

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2025
LOGIN
LOGIN
LOGIN
2024
LOGIN
LOGIN
LOGIN

Similar deals in Retail & Consumer

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
03/2026L'ORÉALKERING BEAUTÉFRANCEConsumer Products

L’Oréal has finalized the cross-border acquisition of Kering Beauté from the luxury group Kering, executing an alliance initiated in October 2025. The transaction encompasses the outright acquisition of Maison Creed, a historic luxury fragrance house

03/2026BARCOVERVENT AUDIO GROUPFRANCEConsumer Products

The transaction involves the acquisition of 100% of Vervent Audio Group by the Belgian industrial group Barco. This deal marks a significant strategic pivot for Barco, shifting from a pure visualization specialist to a fully integrated provider of premium audiovisual solutions

01/2026QUADRIVIO GROUPLES SECRETS DE LOLYFRANCEConsumer Products

Quadrivio Group is in advanced negotiations to acquire a majority stake in Les Secrets de Loly. The Italian fund prevailed in a competitive auction process. The current minority investor, Quilvest Capital Partners (who entered in 2022), is expected to exit

01/2026HIGHLINE WARRENSPRAYWAYUNITED STATESConsumer Products

Highline Warren acquired the Sprayway brand from PLZ Corp in a transaction valuing the asset at approximately $300 million (based on reported deal rumors from late 2025). Both companies are portfolio companies of Pritzker Private Capital

12/2025KKRWELLASWITZERLANDConsumer Products

Coty has sold its remaining 25.8% stake in hair care brand Wella to KKR for $750 million, while retaining its rights to a portion of the proceeds from any future sale or initial public offering. This transaction marks the end of a program launched in 2020 to simplify Coty's portfolio and operations, and allows the company to reduce its debt and refocus on its fragrance segment

12/2025HSG (FORMERLY SEQUOIA CAPITAL CHINA)GOLDEN GOOSEITALYConsumer Products

HSG acquired a majority controlling stake in Golden Goose from Permira in a transaction valuing the company at approximately EUR2.5 billion. This deal serves as a strategic alternative to the IPO that was withdrawn in 2024

10/2025FRENCH FOOD CAPITAL / BPIFRANCESABRE PARISFRANCEConsumer Products

The acquisition of a majority stake in Sabre Paris by FrenchFood Capital marks a significant milestone in the company's history, as it seeks to consolidate its growth trajectory and affirm its position in strategic international markets

09/2025PLATINUM EQUITYXD CONNECTSNETHERLANDSConsumer Products

Platinum Equity acquired XD Connects from Rivean Capital (formerly Gilde Buy Out Partners). The deal was structured as a merger with Solo Group to create a market leader with a ~10% market share in Europe

08/2025KKRKARO HEALTHCARESwedenConsumer Products

KKR has finalized the 100% acquisition of Karo Healthcare from the EQT VIII fund in a transaction initially announced in April 2025. The strategic rationale for KKR is to capitalize on a pan-European platform already structured for significant scale

06/2025PLATINUM EQUITYSOLO GROUPFRANCEConsumer Products

Platinum Equity acquired 100% of Solo Group from the founder and management. Shortly after, Platinum acquired Dutch competitor XD Connects and merged it with Solo under a new holding entity (Sun II Ltd.)...

REFERENCES

Valuation range: EV 1b - 4b USD

Revenue range: 250M - 500M USD

EBITDA range: 50M - 100M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of OLAPLEX by HENKEL are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: olaplex

Acquirer: henkel