At what enterprise value was AROMA-ZONE acquired in 2026?

During the acquisition of AROMA-ZONE by PARTNERS GROUP in 2026, the transaction's Enterprise Value is estimated to be in the range of 1b - 4b EUR.

What was the EV/EBITDA of AROMA-ZONE when it was acquired by PARTNERS GROUP?

The estimated EV/EBITDA multiple for AROMA-ZONE is in the range of Above 20x.

When was AROMA-ZONE acquired by PARTNERS GROUP?

AROMA-ZONE was acquired by PARTNERS GROUP in 2026.

What was the revenue of AROMA-ZONE at the time of the deal?

The revenue of AROMA-ZONE at the time of the deal is estimated to be in the range of 250M - 500M EUR.

What was the EBITDA of AROMA-ZONE during the acquisition?

AROMA-ZONE's EBITDA is estimated to be in the range of 50M - 100M EUR.

How is the data for the AROMA-ZONE acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the AROMA-ZONE deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://fr.newsroom.eurazeo.com/actualites/eurazeo-entre-en-discussions-exclusives-avec-partners-group-en-vue-de-la-cession-de-sa-participation-dans-aroma-zone-et-de-son-reinvestissement-a-ses-cotes-90d17-7ed35.html

What is the average EV/EBITDA multiple for the Retail & Consumer sector in 2026?

The average EV/EBITDA multiple for the Retail & Consumer sector in 2026 is 11.2x.

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Home Database Retail & ConsumerAROMA-ZONE

08/2026

PARTNERS GROUP takes majority stake in AROMA-ZONE

FRANCE Consumer Products / Personal & Household / Hygiene & Beauty Brands EV 1b - 4b EUR

Context

Partners Group acquires a majority stake in Aroma-Zone, a French natural cosmetics brand, from Eurazeo in a secondary LBO. The transaction, announced in August 2026 and subject to customary regulatory approvals, marks Eurazeo's partial exit after five years of partnership. The strategic logic rests on continuity and acceleration of development. Partners Group, already familiar with the dossier through its participation in the 2021 debt financing, now intervenes in equity with the ambition to support Aroma-Zone's next growth phase. Eurazeo retains a significant minority stake via Eurazeo Capital V, alongside the founding Vausselin family and management, reflecting shared confidence in long-term prospects. This transaction aims to accelerate Aroma-Zone's international deployment (Italy, other European markets), boost product innovation (70 new references launched in the past year), and strengthen the omnichannel platform. The structure includes a TLB (Term Loan B) of approximately 600 million euros and generates around 576 million euros in gross proceeds for Eurazeo. The process, led by Centerview Partners, attracted several major private equity names before Partners Group aligned with the expected valuation.

It is worth noting that the fund Eurazeo took control of Aroma-Zone through an LBO in 2021.

AROMA-ZONE, which reported an EBITDA margin of in 2026, is valued in this transaction at an EV/EBITDA multiple of , a level than the average currently observed in the Retail & Consumer sector (11.2x).

-> Deep-dive in Retail & Consumer market trends

Target

Aroma-Zone is a French natural cosmetics, wellness, and self-care brand, specializing in essential oils and DIY (do it yourself) beauty products. Founded in 1999 by the Vausselin family, initially as an information website dedicated to aromatherapy, the company gradually transformed into an e-commerce platform and physical retail network. Aroma-Zone's model combines sales of raw ingredients, finished products, and DIY recipes, covering skincare, haircare, body care, nutrition, and household categories. The brand has designed its own cosmetics since 2005, manufactured in its Cabrières d'Avignon facility and through approximately fifty partner contractors in France. Its approach is based on price accessibility (products between 10 and 20 euros), formula transparency, and customer education through cosmetics and aromatherapy workshops. Aroma-Zone operates, in 2026, a network of 36 stores in France, Belgium, and the United Kingdom, with strong acceleration in physical deployment over the past five years.

Ent. Value

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Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

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2026

2025

Other operations with AROMA-ZONE

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
04/2021	EURAZEO	AROMA-ZONE	FRANCE	Hygiene & Beauty Brands

REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 250M - 500M EUR

EBITDA range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of AROMA-ZONE by PARTNERS GROUP 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: aroma-zone

Acquirer: partners group