Interest in Nuxe gathers momentum

Published: 4-Jul-2012
Finance

Citic latest group to prepare offer for stake in the French company


The major Chinese investment group Citic is understood to be prepared to acquire a 15-20% minority interest in the French care and beauty products group Nuxe, which bases output on natural ingredients, and which is currently valued at some €250m. Two other funds, Eurazeo and Sagard, both French, are also reportedly interested. Apart from the Jabes family, the other main shareholder is Naxcap Partners with 15%. Chinese involvement would provide Nuxe with critical positioning in the burgeoning Asian market. Since the company was relaunched in 1989 by Aliza Jabes, Nuxe has seen its sales rise from €8m 2008 to €106m in 2010 and €130m last year.
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Nuxe co-founders sell their stake in the skin care business

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Members of the co-founding family have sold their 45.13% share to Belgian investment firm Sofina

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