Sale of LBO France's Payot gets under way

The French skincare company, founded in 1920, generates around EUR 5m in EBITDA, two of the sources said. It could be valued at between 10-15x EBITDA, the third source said.

Payot is forecast to generate EUR 37m in revenues this year, up from EUR 24m in 2014, when LBO France acquired an 80% stake in the business from Spanish perfume group Puig, one of the sources said.

The balance of bidders is skewed towards sponsors, one of the sources said. An international buyer would make sense, another source said – Payot has an international presence with France accounting for around one third of sales.

The company has an omnichannel sales strategy and is present across marketing channels including spas, speciality retailers, pharmacies and e-commerce.

LBO France and Vulcain declined to comment. Payot did not respond to requests for comment.

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• Topics
• Exits
• France
• Consumer
• LBO France
• Mergermarket