Sol de Janeiro acquired by L'Occitane
L'Occitane acquired Sol de Janeiro, a US personal care and beauty brand, on Nov 15, 2021.
Transaction summary
- Target
- Sol de Janeiro
- Acquirer
- L'Occitane
- Seller
- -
- Announced
- 2021-11-15
- Geography
- United States
- Tags
- BeautyBody CareConsumerCPGFragranceHair CarePersonal Care And BeautyPremium BeautySkin Care
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- 83%
- First added
- 2026-06-19
- Latest update
- 2026-09-29
Value and multiples
100% enterprise value
USD 450M
100% enterprise value | USD
Basis: Estimated
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
EV / revenue
7.5x
Period: varies by source
Basis: Derived from source data
EV / EBITDA
20.7x
EBITDA basis not stated
Basis: Derived from source data
Amounts paid and other reported values
Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.
Equity Value: USD 450M
L’Occitane’s interim report specifies US$450m as the equity value for 100% of Sol de Janeiro, with approximately 83% acquired. Do not divide again by 83% or present equity value as EV without a net-debt bridge.
Unknown: USD 450M
Premium Beauty News Google News headline states L'Occitane acquired Sol de Janeiro, valuing the brand at US$450 million; full article not fetched, so value type is not confirmed.
Basis
- USD 450m estimated 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 7.5x, calculated from USD 450m value and USD 60.0m revenue.
- Revenue and multiple inputs are not fully disclosed in public transaction materials reviewed; treat the multiple as an estimate.
- L’Occitane’s interim report specifies US$450m as the equity value for 100% of Sol de Janeiro, with approximately 83% acquired. Use the stated whole-company valuation as approximate EV under the owner convention; no disclosed net-debt adjustment and no further division by 83%.
Source summary
100% EV basis review
ConfirmedL’Occitane’s interim report specifies US$450m as the equity value for 100% of Sol de Janeiro, with approximately 83% acquired. Do not divide again by 83% or present equity value as EV without a net-debt bridge.
Open sourceL'Occitane acquires Sol de Janeiro, valuing the brand to US$450 million
EstimatedArticle reports L'Occitane acquired an 83% stake in Sol de Janeiro based on a US$450 million valuation and says the brand had about US$60 million of net sales in 2020.
Open source100% EV basis review
EstimatedL’Occitane’s interim report specifies US$450m as the equity value for 100% of Sol de Janeiro, with approximately 83% acquired. Use the stated whole-company valuation as approximate EV under the owner convention; no disclosed net-debt adjustment and no further division by 83%.
Open source