Aesop acquired by L’Oréal
L’Oréal acquired Aesop, an Australian beauty / skincare brand, on Apr 3, 2023.
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
100% enterprise value
EUR 2.2B
100% enterprise value | EUR
Basis: Estimated
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
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
Amounts paid and other reported values
Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.
Consideration: EUR 2.2B
Primary L’Oréal completion release verifies the acquisition and references terms announced on 2023-04-03 but does not state value in fetched text. Google News RSS title from CNN states a '$2.5 billion deal'; pasted spreadsheet supplies EUR 2.159bn valuation.
Basis
- EUR 2.2bn consideration is a FundComb estimate. Public sources reviewed confirm the transaction, but do not independently disclose every valuation input.
- Valuation covers 100% of the target; the amount invested or paid for a stake is separate.
- 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.
- Transaction verified by L’Oréal primary source; public headline value and pasted spreadsheet economics preserved with provenance noted separately.
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