EURAZEO (EPA:RF) - Eurazeo signs an exclusivity agreement with a view to investing in Aroma-Zone
Transparency directive : regulatory news
23/04/2021 17:35
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Press release
EURAZEO SIGNS AN EXCLUSIVITY AGREEMENT WITH A VIEW TO INVESTING IN AROMA-ZONE
Paris, April 23, 2021
Eurazeo has signed an exclusivity agreement with a view to investing in
Aroma-Zone, a pioneering French company making and distributing aromatherapy,
natural DIY (Do-it-yourself) beauty and wellness products through a
direct-to-customer online model.
Under the agreement, Eurazeo and its partners would invest around EUR410
million, becoming Aroma- Zone's main shareholder alongside the founding
Vausselin family, who would retain a significant stake in the company. The
final terms of the deal would be announced on completion.
Aroma-Zone was set up in 1999 as a website providing information about
essential oils, and has now turned into a leading online retailer that stands
out by:
- making and distributing a wide range of natural DIY products and ingredients,
with full transparency regarding the origin of their raw materials and their
composition, and providing a large amount of information and educational
content;
- offering the best quality at a fair price, based on end-to-end management of
the supply chain: upstream through a network of almost 300 partners producing
the raw materials, and downstream through direct sales to customers online;
- developing a loyal community of customers who recommend its products and play
an active role in building the brand;
- adopting responsible and ethical business practices and a commitment to
minimizing its environmental impact.
Aroma-Zone is based in Cabrières d'Avignon in Provence, employs more than 350
people and sells its products mainly online but also through a network of seven
stores across France. The company is continuously innovating, inspired by
constant interaction with its loyal community of customers. It has developed a
unique offering of more than 1,900 products and 3,000 recipes, and currently
addresses more than 2 million users per year.
Eurazeo would support Aroma-Zone with its growth strategy, providing access to
its international network and expertise in the consumer goods and digital
sectors. Eurazeo would help Aroma-Zone improve its online platform in France
and develop it internationally, while continuing to open new stores.
About Eurazeo
- Eurazeo is a leading global investment group, with a diversified portfolio of
EUR21.8 billion in assets under management, including EUR15 billion from third
parties, invested in over 430 companies. With its considerable private equity,
real estate and private debt expertise, Eurazeo accompanies companies of all
sizes, supporting their development through the commitment of its nearly 300
professionals and offering in-depth sector expertise, a gateway to global
markets, and a responsible and stable foothold for transformational growth. Its
solid institutional and family shareholder base, robust financial structure
free of structural debt, and flexible investment horizon enable Eurazeo to
support its companies over the long term.
- Eurazeo has offices in Paris, New York, Sao Paulo, Seoul, Shanghai,
Singapore, London, Luxembourg, Frankfurt, Berlin and Madrid.
- Eurazeo is listed on Euronext Paris.
- ISIN: FR0000121121 - Bloomberg: RF FP - Reuters: EURA.PA
EURAZEO CONTACTS
PIERRE BERNARDIN
HEAD OF INVESTOR RELATIONS
email: pbernardin@eurazeo.com
Tel: +33 (0)1 44 15 16 76
VIRGINIE CHRISTNACHT
HEAD OF COMMUNICATIONS
mail: vchristnacht@eurazeo.com
Tel: +33 (0)1 44 15 76 44
PRESS CONTACT
MAITLAND/amo DAVID STURKEN
mail: dsturken@maitland.co.uk
Tel: +44 (0) 7990 595 913