French fragrance and cosmetics retailer Nocibe, which is owned by Charterhouse Capital Partners, has received expressions of interest regarding a potential sale from private equity firm LBO France and Chinese investment group Fosun, as well as German department store Douglas Holding, according to French news sources.
Earlier this year, Charterhouse was said to be exploring exit options for Nocibe with a potential deal expected to fetch about €600m.
The company, which Charterhouse bought from Bridgepoint in 2006 for €490m, competes with the likes of LVMH’s Sephora and Hutchison Whampoa’s Marionnaud Parfumeries.
The Villeneuve d’Ascq-based company was thought to be valued at about ten-times EBITDA of about €60m, valuing it at around €600m.
It was founded in 1984 and today employs 3,000 staff and had sales of €670m in 2011.
Private equity-backed perfume maker Coty is also planning to raise up to $1.2bn from an IPO, while this week Spain and Portugal-focused investment firm Magnum Capital took a majority stake in fragrance and flavours manufacturer Iberchem.
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