Acqua & Sapone's acquisition by HIG supported by Pemberton and Carlyle

Pemberton and Carlyle's credit platforms jointly provided a financing package to support the acquisitions by an affiliate of H.I.G. Capital LLC of Cesar (Cesar di Barbarossa Enio e F.lli Srl), SDA (Gruppo SDA Srl Servizi Distribuzione Associati) and VDM. The three companies operate under the Acqua & Sapone brand, an Italian non-food discount retailer selling a wide range of household and personal care products at value prices through a network of over 700 retail locations. Acqua & Sapone expected to generate over €900 million in revenue in 2021.

HIG announced yesterday that it acquired a majority stake in the three companies, under the Acqua & Sapone Brand, while the existing shareholder, the Barbarossa family, will retain a minority stake.