Estimated Control Closed Transaction verified BeautyBeauty & Personal CareColor CosmeticsCPGMakeup
Milk Makeup acquired by Waldencast Acquisition Corp.
Waldencast Acquisition Corp. acquired Milk Makeup, an US (NY) beauty and personal care brand on Nov 15, 2021. FundComb records estimated consideration of EUR 337m. The current comp implies EV / revenue of 5.8x. Public sources confirm the deal; valuation inputs may include estimates where transaction materials do not disclose the full economics.
Transaction summary
- Target
- Milk Makeup
- Acquirer
- Waldencast Acquisition Corp.
- Seller
- -
- Announced
- 2021-11-15
- Geography
- US (NY)
- Tags
- BeautyBeauty & Personal CareColor CosmeticsCPGMakeup
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- -
- First added
- 2026-06-18
- Latest update
- 2026-07-13
Value and multiples
Price / value
EUR 337M
Transaction value | EUR
Basis: FundComb estimate
Approx. $386M USD using FX date 2021-11-15 at 1.1444 EUR/USD.
EV / revenue
5.8x
Period not stated
Basis: FundComb estimate
EV / EBITDA
-
EBITDA basis not stated
Basis: FundComb estimate
Basis
- EUR 337m transaction value is a FundComb estimate. Public sources reviewed confirm the transaction, but do not independently disclose every valuation input.
- Implied EV / revenue is 5.8x, calculated from EUR 337m value and EUR 58.0m revenue.
- Revenue and multiple inputs are not fully disclosed in public transaction materials reviewed; treat the multiple as an estimate.
Source summary
No public source summary has been published for this transaction yet.