King Kylie, LLC (Kylie beauty business) acquired by Coty Inc.

Basis

• USD 1.2bn enterprise value 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 6.65x, calculated from USD 1.2bn value and USD 177m revenue.
• Revenue and multiple inputs are not fully disclosed in public transaction materials reviewed; treat the multiple as an estimate.
• The reported $600 million consideration is for a 51% interest. The estimated whole-company value of $1,176,470,588 is calculated once as $600 million / 0.51; it is stake-implied, not a separately reported enterprise value. The approximately 6.65x revenue multiple uses that estimated value and the issuer-reported estimated $177 million TTM net revenue. The investor presentation reports EBITDA margin greater than 25%; applied to the $177 million TTM revenue, this implies TTM EBITDA greater than $44.25 million and a stake-implied value/EBITDA multiple below approximately 26.6x. These are bounds, so scalar EBITDA and EBITDA multiple are omitted. No standalone EBITDA amount is disclosed. Estimated value: $600 million / 0.51. Revenue multiple: estimated value / $177 million. EBITDA margin was reported as greater than 25%; derived EBITDA and value/EBITDA are bounds, not scalar metrics. Coty reported estimated TTM net revenue; its investor presentation reported EBITDA margin greater than 25%.