Aesop acquired by L’Oréal
L’Oréal acquired Aesop, an Australian beauty / skincare brand on Apr 3, 2023. FundComb records estimated consideration of EUR 2.2bn. The current comp implies EV / revenue of 4.4x. Public sources confirm the deal; valuation inputs may include estimates where transaction materials do not disclose the full economics.
Transaction summary
- Target
- Aesop
- Acquirer
- L’Oréal
- Seller
- Natura &Co
- Announced
- 2023-04-03
- Geography
- Australia
- Tags
- Beauty / SkincareCosmeticsCPGLuxury BeautyPersonal CareSkincare
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- -
- First added
- 2026-06-13
- Latest update
- 2026-07-13
Parties at the deal date
Acquirer
L'Oréal BOLD (Business Opportunities for L'Oréal Development) is L'Oréal's corporate venture capital fund, investing in startups across the beauty value chain including beauty brands, platforms, technology, and science for beauty.
Snapshot preserved for this transaction; current company profiles may differ.
Value and multiples
Price / value
EUR 2.2B
Consideration | EUR
Basis: Estimated
Approx. $2.5B USD using FX date not stated.
EV / revenue
4.4x
Period not stated
Basis: FundComb estimate
EV / EBITDA
24.7x
EBITDA basis not stated
Basis: FundComb estimate
Basis
- EUR 2.2bn consideration is a FundComb estimate. Public sources reviewed confirm the transaction, but do not independently disclose every valuation input.
- Implied EV / revenue is 4.4x, calculated from EUR 2.2bn value and EUR 491m revenue.
- Revenue and multiple inputs are not fully disclosed in public transaction materials reviewed; treat the multiple as an estimate.
- Implied EV / EBITDA is 24.7x, calculated from EUR 2.2bn value and EUR 87.0m EBITDA.
Other reviewed estimates
Transaction comps can involve reported or estimated figures from different sources. FundComb uses the values above as the current canonical comp, while preserving prior reviewed estimates below for context.
Source summary
L'Oréal Completes Aesop Acquisition
EstimatedArticle states L’Oréal completed the Aesop acquisition, previously announced at an enterprise value of USD 2.525bn, and reports Aesop 2022 sales of USD 537m.
Open source