Transaction summary
- Target
- Sol de Janeiro
- Acquirer
- L'Occitane
- Seller
- -
- Announced
- 2021-11-15
- Geography
- United States
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- 83%
- First added
- 2026-06-19
- Latest update
- 2026-10-21
Value and multiples
100% enterprise value
USD 450M
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
7.5x
Period: varies by source
Basis: Derived from source data
EV / EBITDA
20.7x
EBITDA basis not stated
Basis: Derived from source data
Amounts paid and other reported values
Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.
Equity Value: USD 450M
Do not divide again by 83% or present equity value as EV without a net-debt bridge.
Basis
- L’Occitane’s interim report specifies US$450m as the equity value for 100% of Sol de Janeiro, with approximately 83% acquired. The US$450m whole-company value is used as an approximate EV, with no disclosed net-debt adjustment and no further division by 83%. L’Occitane reports 2020 net sales of US$60m, giving 7.5x revenue. EBITDA of EUR 19m comes from FundComb’s comps spreadsheet and is not confirmed by a public source; converted at the announcement-date EUR/USD rate, it gives an estimated 20.7x EBITDA.
Source summary
100% EV basis review
ConfirmedL’Occitane’s interim report specifies US$450m as the equity value for 100% of Sol de Janeiro, with approximately 83% acquired. Do not divide again by 83% or present equity value as EV without a net-debt bridge.
Open sourceL'OCCITANE acquires majority stake in Brazilian-inspired premium beauty brand Sol de Janeiro - PR Newswire
EstimatedL'Occitane acquires Sol de Janeiro, valuing the brand to US$450 million
EstimatedArticle reports L'Occitane acquired an 83% stake in Sol de Janeiro based on a US$450 million valuation and says the brand had about US$60 million of net sales in 2020.
Open source100% EV basis review
EstimatedL’Occitane’s interim report specifies US$450m as the equity value for 100% of Sol de Janeiro, with approximately 83% acquired. Use the stated whole-company valuation as approximate EV under the owner convention; no disclosed net-debt adjustment and no further division by 83%.
Open sourceContinue your research
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