Paris, January 18, 2024


Eurazeo today announced it has completed a minority investment of about €25 million in EX NIHILO, a high-growth niche perfumery brand offering a differentiated approach to fragrance. Eurazeo invested in the company alongside co-founders Sylvie Loday, Olivier Royère and Benoît Verdier who become majority owners.

Founded in 2013 by 3 friends Sylvie Loday, Olivier Royère and Benoît Verdier, EX NIHILO, meaning “created out of nothing” in Latin, is an authentic French luxury brand bringing to the fore the pinnacle of know-how in perfumery. EX NIHILO offers a unique value proposition within the fragrance space as it seamlessly blends modernity, personalization, edgy artistic collaborations and luxury craftsmanship resulting in high-quality and exclusive fragrances.

Partnering with renowned master perfumers and using the finest ingredients to create and offer unique scents and products, EX NIHILO has earned global recognition for its iconic and widely successful “Fleur Narcotique” perfume. Driven by innovation, EX NIHILO leverages technology through its “Osmologue” machine – a high-precision fragrance blending system – to offer new-age personalization services to customers allowing them to customize existing fragrances. The House also offers collectible pieces and unique fragrances on demand.

EX NIHILO achieved around $60 million retail sales successfully reaching a global customer base through its selective, premium and scalable multi-channel strategy across both retail and digital channels. Products are distributed internationally in prestige department stores such as Harrods, Bergdorf Goodman, Galeries Lafayette, and Saks Fifth Avenue, complemented by selective partnerships with specialty stores, niche perfumery shops and its network of seven flagship stores, each serving as hubs for discovery and experimentation with personalized services.

Leveraging its brand building and consumer expertise, Eurazeo will partner with EX NIHILO to support its ambitious growth plan across channels and geographies. Eurazeo will leverage its international network throughout Europe, Asia and the United States to support the brand’s global development. In addition, Eurazeo will contribute its operational expertise to enhance EX NIHILO's digital capabilities, sharpen the brand and its community, and strengthen the organization globally.  

Laurent Droin, Managing Director of Eurazeo, Brands, stated:

"We have targeted the niche fragrance space given trends towards premiumization driven by consumer aspiration for uniqueness and experiences. EX NIHILO – through its high-quality products, brand authenticity and selective distribution – is ideally positioned to benefit from the current market momentum. We are delighted to partner with co-founders Sylvie Loday, Olivier Royère and Benoît Verdier and their team to support the international growth of the company. "

Sylvie Loday, Olivier Royère and Benoît Verdier, Co-founders of EX NIHILO, added:

"The partnership between EX NIHILO and Eurazeo is an organic relationship rooted in shared values and a mutual vision for the future. We recognize Eurazeo's unwavering commitment to fostering growth and innovation, aligning seamlessly with EX NIHILO’s dedication to pushing the boundaries of luxury fragrance. We aim to elevate the industry to new heights, delivering unparalleled experiences to our discerning clientele. We are excited about the extraordinary milestones we will achieve together. "

Information - Individual investors

Eurazeo Investment Manager (EIM) and Eurazeo Mid Cap (EMC) are merging to form Eurazeo Global Investor (EGI)