EURAZEO COMPLETES THE SALE OF EX NIHILO TO L CATTERTON

Eurazeo has completed the sale of its minority stake in EX NIHILO, a Parisian Haute Perfumery House recognized as one of the most emblematic success stories in its segment, to L Catterton, the largest global consumer-focused private equity firm.

With this sale, Eurazeo reaffirms its ambition to back leading European companies at key stages of their growth, while highlighting both the quality of Eurazeo’s portfolio and its ability to deliver profitable exits. 

The transaction has generated a gross cash-on-cash of 2.7x on Eurazeo’s initial investment with around €55 million of proceeds being allocated to Eurazeo’s balance sheet.