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.
136
Reviewed transactions
98
With price data
4.5x
Median EV or valuation / revenue
15.0x
Median EV or valuation / EBITDA
| Year | Transactions | Priced | Median EV or valuation / revenue | Median EV or valuation / EBITDA |
|---|---|---|---|---|
| 2026 | 10 | 6 | 4.6x | 15.3x |
| 2025 | 11 | 10 | 3.6x | 13.0x |
| 2024 | 5 | 5 | 3.4x | 15.3x |
| 2023 | 15 | 13 | 4.2x | 21.4x |
| 2022 | 10 | 8 | 5.2x | 21.4x |
| 2021 | 17 | 15 | 4.7x | 15.3x |
| 2020 | 5 | 5 | 5.1x | 12.8x |
| 2019 | 8 | 8 | 4.3x | 22.5x |
Sortable transaction comps
Beauty transaction table
Rows with reported value
20 / 25
Acquisition EV, USD
USD 64B
Investment EV, USD
USD 510M
Median EV / revenue
3.7x
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25 shown of 136 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 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ZO Skin Health Control | 2026-09-15 | Galderma | USD 1.5B Enterprise Value | 1,500 | 4.5x | - | - | Confirmed 2 sources | ||
| Twinlab Control | 2026-09-02 | cbdMD | Undisclosed Consideration | Undisclosed | - | - | - | Confirmed 4 sources | ||
| Ci FLAVORS Control | 2026-08-25 | KKR | Undisclosed | Undisclosed | - | - | Japan | Confirmed 2 sources | ||
| Clean Your Dirty Face Control | 2026-08-05 | Gorgeous Collective | Undisclosed Undisclosed | Undisclosed | - | - | - | Confirmed 1 source | ||
| Saltair Control | 2026-07-30 | TSG Consumer | USD 458M Estimated Valuation | 458 | 4.6x | 15.3x | Los Angeles, California, USA | Confirmed 2 sources | ||
| YNS Cosmeceuticals Control | 2026-07-02 | Trilogy Laboratories | Undisclosed Undisclosed | Undisclosed | - | - | - | Confirmed 1 source | ||
| Innovist Control | 2026-06-18 | L'Oréal | INR 41B Enterprise Value | 435 | 6.0x | - | India | Confirmed 1 source | ||
| Imaraïs Beauty Control | 2026-05-18 | Healthy Extracts | USD 20.0M Consideration | 20 | - | - | - | Confirmed 1 source | ||
| Forest Essentials Control | 2026-03-25 | The Estée Lauder Companies Inc. | USD 870M Estimated Enterprise Value | 870 | - | - | India | Confirmed 4 sources | ||
| Zywie Ventures Private Limited (OZiva) Control (49%) | 2026-02-12 | Hindustan Unilever Limited (HUL) | INR 17B Enterprise Value | 186 | 3.5x | - | India | Confirmed 6 sources | ||
| Kenvue Control (100%) | 2025-11-03 | Kimberly-Clark | USD 49B Enterprise Value | 48,700 | 3.2x | 14.3x | United States | Confirmed 4 sources | ||
| Kering Beauté Control (100%) | 2025-10-19 | L'Oréal S.A. | EUR 4.0B Consideration | 4,672 | 12.4x | - | France & United Kingdom | Confirmed 1 source | ||
| 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 | ||
| Color Wow Control (100%) | 2025-06-30 | L'Oréal S.A. | USD 1.0B Consideration | 1,000 | 3.3x | - | United States & United Kingdom | Estimated 1 source | ||
| DUDE Wipes Minority | 2025-06-23 | TSG Consumer | USD 500M Equity Value | 500 | 2.3x | 13.0x | United States | Confirmed 4 sources | ||
| Dr. Squatch Control (99%) | 2025-06-23 | Unilever | EUR 1.3B Enterprise Value | 1,445 | 3.6x | 16.1x | United States | Estimated 7 sources | ||
| Medik8 Control | 2025-06-09 | L'Oréal | EUR 1.0B Reported Transaction Value | 1,141 | - | - | United Kingdom | Confirmed 3 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 | ||
| Nutraceutical Wellness, Inc. (Nutrafol) Minority (20%) | 2025-04-01 | Unilever | Undisclosed Investment Amount | Undisclosed | - | - | - | Confirmed 5 sources | ||
| Wild Control (100%) | 2025-04-01 | Unilever | GBP 230M Reported Transaction Value | 297 | 4.9x | - | United Kingdom | Confirmed 3 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 | 3.6x | - | Global | Estimated 2 sources | ||
| Ultra Violette Capital Raise | 2024-01-23 | Aria Growth Partners | AUD 15.0M Investment Amount | 10 | - | - | Australia | Confirmed 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.