Ex Nihilo changes shareholder

The haute parfumerie house, founded in 2013, is changing financial partners. The L Catterton fund has signed an exclusive agreement to acquire a significant minority stake from Eurazeo and the brand's founders.

In just two years, Eurazeo has propelled the Parisian label's international expansion and profitability, while accelerating its decarbonisation. The exit, scheduled for the first quarter of 2026, is expected to generate a cash-on-cash multiple of more than 2.5x.

The founders are reinvesting alongside their new ally to embark on a new growth phase.