Kenvue acquired by Kimberly-Clark
Kimberly-Clark agreed to acquire Kenvue, a US consumer health brand, on Nov 3, 2025.
Transaction summary
- Target
- Kenvue
- Acquirer
- Kimberly-Clark
- Seller
- -
- Announced
- 2025-11-03
- Geography
- United States
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- 100%
- First added
- 2026-08-08
- Latest update
- 2026-08-11
Value and multiples
100% enterprise value
USD 49B
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
3.25x
Period: LTM Ended 2025 09 28
Basis: Derived from source data
EV / EBITDA
14.3x
EBITDA: normalised / adjusted
Basis: Public source
Basis
- LTM net sales = FY2024 USD 15.455bn - 9M2024 USD 11.793bn + 9M2025 USD 11.344bn = USD 15.006bn; USD 48.7bn enterprise value / USD 15.006bn = 3.2454x.
Other reviewed estimates
Earlier estimates and their sources.
Source summary
Kimberly-Clark to Acquire Kenvue, Creating a $32 Billion Global Health and Wellness Leader
ConfirmedKenvue and Kimberly-Clark announced a definitive agreement for Kimberly-Clark to acquire all outstanding Kenvue shares in a cash-and-stock transaction valued at approximately $48.7 billion enterprise value, representing ~14.3x LTM adjusted EBITDA (8.8x with $2.1B run-rate synergies). Combined company is described as a $32 billion global health and wellness leader with 10 billion-dollar brands.
Open sourceKimberly-Clark to acquire Kenvue
ConfirmedThe transaction implies an enterprise value of approximately $48.7 billion.
Open sourceKenvue reports third-quarter 2025 results
ConfirmedNet sales were $11.344 billion for nine months ended September 28, 2025 and $11.793 billion in the prior-year period.
Open sourceKenvue reports full-year 2024 results
ConfirmedFiscal 2024 net sales were $15.455 billion.
Open sourceContinue your research
Related transaction comps
ANUSOL and RECTINOL acquired by Church & Dwight Co., Inc.
- · Confirmed
View transaction → Personal CareSaltair acquired by TSG Consumer
2026-07-30 · Confirmed
View transaction → consumer healthVitabiotics acquired by Bain Capital
2026-07-24 · Confirmed
View transaction → WellnessGrüns acquired by Unilever
2026-04-09 · Estimated
View transaction →