L Catterton Management – Ex Nihilo Group

WA-35004

L Catterton Management Limited, together with its controlled funds and affiliates (LCAT), proposes to acquire ~45% of the issued share capital of Ex Nihilo Group (Ex Nihilo), through LCAT’s controlled entity, Saphir Holdings SAS (Saphir). LCAT is a consumer-focused private equity firm based in the United States with assets under management globally. Ex Nihilo is a luxury fragrance house based in France specialising in the creation, production, and wholesale and retail distribution of high-end perfumes and related products. Ex Nihilo was launched in 2013 and has retailers operating worldwide.

Status

Assessment completed

Determination

Approved

Stage

Waiver application

Notified

22 January 2026

Acquirers

  • Saphir Holdings SAS

Targets

  • Ex Nihilo Group