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Ardian to sell German hotel cosmetics maker to Moonlake Capital

French private investment house Ardian agreed to sell hotel cosmetics and dispenser solutions maker ADA Cosmetics Holding GmbH to newly minted Austrian investment firm Moonlake Capital Ltd. for an undisclosed sum.

ADA Cosmetics' management team will continue as shareholders of the Kehl, Germany-based company, which manufactures and sells personal care goods primarily for hotels, as well as cruise ships and airlines.