L Catterton Management – Ex Nihilo Group
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
- ACCC determination
- Approved
- Stage
- Waiver application
- Notified
- 22 January 2026
- Determination published
- 4 February 2026
Acquirers
- Saphir Holdings SAS
Targets
- Ex Nihilo Group