Confirmed Preliminary Control Announced (unverified) Transaction verified Beauty & personal carebiotech haircareCPGHair Carepremium haircare

K18 acquired by Unilever

Unilever agreed to acquire K18, a beauty and personal care brand, on Dec 22, 2023.

Preliminary: The deal status, transaction value, value basis, revenue, EBITDA, EV/revenue, EV/EBITDA, metric basis and value notes are not yet independently verified. The EV/EBITDA is outside the usual range for comps, so treat it with caution.

Transaction summary

Target
K18
Acquirer
Unilever
Seller
-
Announced
2023-12-22
Geography
-
Type
Acquisition
Deal type
Control
Stake acquired
-
First added
2026-07-26
Latest update
2026-10-29

Value and multiples

100% enterprise value

EUR 704M

Unverified

100% enterprise value | EUR

Basis: FundComb estimate

Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.

Approx. $771M USD using FX date 2023-12-22 at 1.1023 EUR/USD.

EV / revenue

5.9x

Unverified

Period not stated

Basis: FundComb estimate

EV / EBITDA

30x

Unverified

EBITDA basis not stated

Basis: FundComb estimate

Basis

  • Pasted spreadsheet row labeled Rothschild provides EUR 704m valuation; supplied public Unilever evidence verifies the acquisition agreement but does not disclose deal value.

Source summary

Unilever to acquire premium haircare brand K18 | Unilever

Confirmed

Unilever announced on December 22, 2023 that it had signed an agreement to acquire premium biotech haircare brand K18.

Open source

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