Eurotrack

Mergers

Partners Group in exclusive talks to buy Aroma-Zone

· Consumer goods / natural cosmetics · updated

Location
Baar / Paris · 🇨🇭 Switzerland / France
Sector
Consumer goods
Organisations
Partners Group ↔ Aroma-Zone (Verkäufer: Eurazeo Capital IV)
Transaction
Majority acquisition with the seller reinvesting as a minority shareholder
Volume
Valuation around EUR 2bn (press reports); gross proceeds for Eurazeo about EUR 576m
Status
announced

On 6 August 2026 Eurazeo announced it had entered exclusive negotiations with Swiss investor Partners Group over the sale of its majority stake in French natural-cosmetics company Aroma-Zone, with Eurazeo Capital V reinvesting alongside the buyer as a minority shareholder. The release quantifies only Eurazeo's gross proceeds of about EUR 576m and gives no enterprise valuation — the figure of around EUR 2bn (roughly three times the 2021 entry value) comes from consistent press reports by CFNEWS and Zonebourse. Founded in 1999 by the Vausselin family, the B Corp-certified company has more than 5 million active customers and has more than tripled its revenue since Eurazeo invested in 2021. Completion is subject to antitrust and other regulatory clearances and to the information and consultation process with employee representatives. Update (24.09.2026): The European Commission cleared joint control of Aroma-Zone and holding company LH91 by Partners Group and Eurazeo under its simplified procedure, without conditions; signing and completion are still pending (Brussels Times, 24.09.2026).

Source: fr.newsroom.eurazeo.com ↗ · Archived copy ↗

Evidence: one source · second source missing (two-source rule) · How well sourced is Eurotrack?

✉ Report an error

More from: 🇨🇭 Switzerland · 🇫🇷 France

Open in the tracker →