ApprovedAssessment completedWaiverCase number WA-35004
4 Feb 2026L 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.
