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Deal Detail

Kenvue to Kimberly Clark

HHP/Pers Care/Nov 2025
EV / LTM EBITDA
14.3x
EV / LTM Sales
3.2x
Enterprise Value
$48.7B
Primary Source
Company Release

Comparable Transactions

HHP/Pers Care transactions announced in the five years to November 2025. 20 with a disclosed multiple.

DateTargetAcquirorEnterprise ValueEV/SalesEV/EBITDAType
Nov 2025Edgewell Fem Care BusinessEssity$340M1.3x12.1xStrategic
Jul 2025Reckitt Essential HomeAdvent International$4.8B1.9x-Financial
May 2025rhodee.l.f. Beauty$800M3.8x-Strategic
May 2025TouchlandChurch & Dwight$700M5.4x12.7xStrategic
Dec 2024Tangle TeezerBIC SA$210M2.9x-Strategic
Nov 2024Henry & JuneHelen of Troy$240M2.6x-Strategic
Jan 2024ChapStickSuave Brands Company$510M3.7x-Strategic
Dec 2023Dr. Dennis Gross SkincareShiseido Company, Limited$450M4.8x-Strategic
Oct 2023Melissa & DougSpin Master Corp.$950M1.9x10.5xStrategic
Aug 2023Naturium LLCe.l.f. Beauty, Inc.--21.0xStrategic
Sep 2022Hero CosmeticsChurch & Dwight$630M5.5x14.0xStrategic
Apr 2022Recipe Products Ltd.Helen of Troy Limited$150M-10.0xStrategic
Nov 2021Sol de Janeiro Holdings, Inc.L'Occitane International S.A.$450M4.4x20.6xStrategic
Nov 2021Apollo Healthcare Corp.Anjac Health & Beauty$256M2.3x-Strategic
Nov 2021TheraBreathChurch & Dwight$580M6.7x21.5xStrategic
Nov 2021Obagi Global Holdings LimitedWaldencast Acquisition Corp.--17.2xFinancial
Aug 2021bareMinerals, BUXOM, and Laura MercierAdvent International$700M1.7x-Financial
Apr 2021Productos Familia S.A.Essity$1.5B1.9x9.1xStrategic
Feb 2021DECIEMEstée Lauder$2.2B4.8x-Strategic
Jan 2021Georgia-Pacific’s U.S. Nonwovens BusinessGlatfelter Corporation$175M1.8x8.8xStrategic
Mean3.4x14.3x
Median2.9x12.7x

All Observations

Source-specific multiples and notes for this transaction.

CompPrimary?Source TypeSourceSource AdvisorSource YearEV (USD)EV/SalesEV/EBITDAEV/Fwd EBITDANoteCitation
Primarypress releasePress Release-2025$48.7B3.2x14.3x-$3.50 cash + .14625 shares = $21.01 at announcementOpen
-fairness opinionOLPX FOJPMorgan2026--14.3x--Open
-fairness opinionOLPX FOJPMorgan2026--14.3x--Open