Eurazeo Finalizes Sale of EX NIHILO to L Catterton

Eurazeo has successfully sold its minority stake in EX NIHILO, a well-known Parisian haute perfumery house, to L Catterton. This firm is the largest global private equity company with a consumer focus. The transaction emphasizes Eurazeo's strategy to support prominent European businesses during crucial growth phases. It also underlines the strength of Eurazeo's investment portfolio and its capability to achieve profitable exits.

The sale resulted in a gross cash-on-cash return of 2.7 times Eurazeo's initial investment, with approximately €55 million added to Eurazeo's balance sheet. This outcome reflects Eurazeo's continuing commitment to fostering growth in the European market while maintaining a robust financial portfolio.