Investment and M&A transaction comps
Beauty Brand Investment & M&A Transaction Comps
Beauty, personal care, cosmetics, skin care, hair care and related brand transactions.
45
Reviewed transactions
35
With price data
4.6x
Median EV or valuation / revenue
16.7x
Median EV or valuation / EBITDA
| Year | Transactions | Priced | Median EV or valuation / revenue | Median EV or valuation / EBITDA |
|---|---|---|---|---|
| 2025 | 6 | 6 | 3.8x | 13.5x |
| 2024 | 3 | 3 | 3.8x | 10.6x |
| 2023 | 6 | 6 | 4.2x | 22.0x |
| 2022 | 4 | 3 | 4.9x | 21.4x |
| 2021 | 8 | 7 | 4.7x | 15.3x |
| 2020 | 4 | 3 | 5.7x | 13.3x |
| 2019 | 3 | 3 | 7.5x | - |
Sortable transaction comps
Beauty transaction table
Rows with reported value
23 / 25
Acquisition EV, USD
USD 65B
Investment EV, USD
USD 4.0M
Median EV / revenue
4.6x
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25 shown of 45 matching transactions. Click any transaction row for more detail.
Values are 100% enterprise values. Multiples divide EV by full-company revenue or EBITDA. Reported prices are assumed to be EV; explicit partial-stake prices are grossed up as estimates. Amounts paid are tracked separately.
| Select for comparison | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Saltair Control | 2026-07-30 | TSG Consumer | USD 458M Estimated Valuation | 458 | 4.6x | 15.3x | Los Angeles, California, USA | Confirmed 2 sources | ||
| Kenvue Control (100%) | 2025-11-03 | Kimberly-Clark | USD 49B Enterprise Value | 48,700 | 3.2x | 14.3x | United States | Confirmed 4 sources | ||
| Space NK Control (100%) | 2025-07-10 | Ulta Beauty | USD 399M Purchase Consideration | 399 | 1.1x | 10.5x | United Kingdom and Ireland | Confirmed 6 sources | ||
| Dr. Squatch Control (99%) | 2025-06-23 | Unilever | USD 1.5B Enterprise Value | 1,500 | - | 16.7x | United States | Estimated 7 sources | ||
| rhode Control | 2025-05-28 | e.l.f. Beauty | USD 800M Closing Consideration | 800 | 3.8x | - | United States | Confirmed 3 sources | ||
| Touchland Control | 2025-05-12 | Church & Dwight | USD 700M Closing Consideration | 700 | 5.4x | 12.7x | United States | Confirmed 2 sources | ||
| Minimalist Control (91%) | 2025-01-22 | Hindustan Unilever | INR 30B Pre Money Enterprise Value | 342 | 5.9x | - | India | Confirmed 3 sources | ||
| Beautynova Control | 2024-03-18 | PAI Partners | EUR 330M Enterprise Value | 365 | 2.5x | 10.6x | Italy | Estimated 1 source | ||
| ChapStick Control | 2024-01-25 | Suave Brands Company | USD 510M Consideration | 510 | - | - | Global | Estimated 1 source | ||
| Dr. Barbara Sturm Control | 2024-01-01 | Puig | EUR 320M Enterprise Value | 354 | 5.0x | - | - | Estimated 2 sources | ||
| Go-To Skincare Control (50%) | 2023-12-15 | Zoë Foster Blake | AUD 43.5M Enterprise Value | 29 | - | - | Australia | Confirmed 2 sources | ||
| Straand Capital Raise | 2023-12-10 | Unilever Ventures | USD 4.0M Investment Amount | 4 | - | - | Australia | Confirmed 1 source | ||
| COSRX Control (38%) | 2023-10-30 | Amorepacific | USD 1.0B Enterprise Value | 1,000 | 3.6x | - | South Korea | Confirmed 2 sources | ||
| Naturium Control | 2023-08-29 | Elf | EUR 328M Enterprise Value | 354 | 3.9x | 20.9x | US (California) | Estimated 1 source | ||
| Aesop Control | 2023-04-03 | L’Oréal | EUR 2.2B Consideration | 2,500 | 4.4x | 24.7x | Australia | Confirmed 2 sources | ||
| Mielle Organics Control | 2023-01-11 | P&G Beauty | EUR 595M Enterprise Value | 639 | 5.6x | 22.0x | - | Confirmed 2 sources | ||
| TOM FORD brand and intellectual property Control (100%) | 2022-11-15 | The Estée Lauder Companies Inc. | USD 2.8B Enterprise Value | 2,800 | - | - | United States | Confirmed 2 sources | ||
| Nutrafol Control | 2022-05-30 | Unilever | Undisclosed Undisclosed | Undisclosed | 4.9x | 22.7x | - | Confirmed 1 source | ||
| NAK Hair Control | 2022-05-01 | Adamantem Capital | AUD 90.0M | 65 | 2.3x | - | Australia | Estimated 1 source | ||
| Ilia Beauty Control | 2022-02-01 | Courtin-Clarins family / Clarins | EUR 612M Enterprise Value | 689 | 7.0x | 20.0x | - | Estimated 2 sources | ||
| Chantecaille Control | 2021-12-21 | Beiersdorf | EUR 609M Enterprise Value | 688 | 4.6x | 15.3x | - | Confirmed 1 source | ||
| E45 Control | 2021-12-01 | Karo Healthcare | Undisclosed | Undisclosed | 4.7x | - | - | Confirmed 1 source | ||
| Sol de Janeiro Control (83%) | 2021-11-15 | L'Occitane | USD 450M Estimated Enterprise Value | 450 | 7.5x | 20.7x | United States | Estimated 5 sources | ||
| Obagi Control | 2021-11-15 | Waldencast | EUR 756M Enterprise Value | 865 | 4.5x | 17.2x | - | Confirmed 1 source | ||
| Milk Makeup Control | 2021-11-15 | Waldencast Acquisition Corp. | EUR 337M Enterprise Value | 386 | 5.8x | - | US (NY) | Estimated 1 source |
FundComb transaction comps are informational only. Prices are shown as estimated enterprise value where available, with USD used as the default sorting currency; revenue and EBITDA multiples are shown where available. Values may be estimated, rumored, incomplete or derived from public information and should not be relied upon as financial, investment or valuation advice.