Motion Equity Partners acquires a majority stake in Capsum

MOTIONEQUITY PARTNERS ACQUIRES A MAJORITY STAKE IN CAPSUM

Paris, 20 October 2026

Motion EquityPartners has acquired a majority stake in Capsum, a unique innovation andmanufacturing partner of the most prestigious beauty houses, alongside SébastienBardon, its founding CEO, and its management team.

Founded in 2008,Capsum partners with the world’s leading beauty houses to develop andmanufacture highly innovative cosmetic products. The Group is notably recognizedfor its pioneering and unique expertise in microfluidics, a proprietary technologyused to encapsulate active ingredients and create visually distinctive andhighly sensorial textures. Capsum has progressively evolved into amulti-technology CDMO, developing and manufacturing both microfluidic andnon-microfluidic products across skincare, makeup, haircare, and fragrance.

Leveraging itscutting-edge technology and unique industrial expertise, Capsum has establisheditself as a partner of choice for leading luxury and prestige beauty brands (includingChanel, Elizabeth Arden, Galénic, La Prairie, L’Occitane,Meaningful Beauty), developing distinctive and market-leading hero-products. Under SébastienBardon's leadership, the Capsum team, composed of 270 people, of which onethird is involved in R&D, is committed to lead pioneering innovation acrossits core segments such as skincare, makeup, haircare, and fragrance.

Over thepast twelve years, theGroup has grown fifteenfold to reach close to €80m in sales (significantly outperforming the CDMO[1] cosmetic market), witharound one-third generated in the US. Capsum hassuccessfully penetrated the US market, notably through the greenfield openingof a state-of-the art production site with the highest sustainability standardsin Austin, Texas, in 2020. In Europe it recently opened a new site nearMarseille, France.

Motion EP willsupport Capsum to activate new growth drivers. In the US, Capsum will leverageits established presence and the recent acquisition of the clean beautyformulator KKT Labs to expand its commercial footprint andaccelerate its multi-technology offering beyond microfluidics. Today, close to40% of Capsum’s US business is already non-microfluidic. In Asia, wheremarket potential is deep, there are significant growth opportunities. With morethan 11% of sales dedicated to R&D each year, its ambition is also tocapture new high-potential adjacencies for the Group.

Motion EP hasacquired the stake from Chanel, which as a long-standing partner in Capsum willremain a minority shareholder in the company.

"Today marks the beginning of anexciting new chapter for Capsum and KKT Labs. Together with Motion EquityPartners and Chanel, we are uniquely positioned to accelerate growth.

By bringing together science,technology, manufacturing excellence, and respect for nature, we will raise thebar for beauty innovation.

I am sincerely grateful to mymentors, our longstanding shareholder, our teams, and the clients who haveplaced their trust in us. Thank you for being part of this journey. The best isyet to come. Onward!" said Sébastien Bardon, Founder and CEO of Capsum.

“We have been deeply impressed by Capsum’s unique positioning at theintersection of technology, beauty and industrial excellence. Capsum is ascience-led company where innovation and sustainability are engineered end toend. The Group has known a remarkable journey, from scientific breakthrough toa distinctive innovation platform. With a unique technological know-how and outstandinginnovation capabilities, Capsum has developed privileged relationships with theworld’s leading beauty brands. We are delighted to partner with SébastienBardon and the entire Capsum team, and look forward to supporting them in thisambitious new phase of growth,” said Patrick Eisenchteter, Managing Partnerat Motion Equity Partners.

Contact:

The Arcane :

Harold Brieckler-Richert : h.brieckler@the-arcane.com - 06 10 81 58 01

Mathieu Loth-Boyer : m.loth-boyer@the-arcane.com - 06 89 21 98 76

[1] ContractDevelopment and Manufacturing Organization

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