Iberchem has acquired a 95% stake in Parfex, a French fragrance house, with the intention to launch a squeeze-out to delist the company from Euronext Access. This acquisition is highly strategic for Iberchem (and its parent Croda), as it secures a foothold in Grasse, France, enhancing its legitimacy in the "Prestige" and "Fine Fragrance" segments. Parfex's focus on premium, natural ingredients complements Iberchem's existing portfolio, which is historically stronger in emerging markets and mass-market applications.

PARFEX, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the 10.5x average currently observed in the Industry & Manufacturing sector.

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.