Acqua&Sapone, CVC interested in the controlling share. Operation worth around half a billion euros
Controlling share of is for sale Water&Soap. According to reports Milan Financethe bottom Hig Capital has placed 62.5% of the largest Italian brand of personal and home hygiene products on the market. The deal should be finalized on the basis of an enterprise value in the 900 million area, so the operation could be around 550-650 million.
He looked at the window of the dossier, although the operation is still far from closing Cvc, a British private equity giant with almost 190 billion dollars in assets under management – which in Italy also has Multiversity, Recordati and the “La Piadineria” chain in its portfolio. But not only. The French would also have shown interest Seventure Partnersa private equity operator attributable to Natixis Global Asset Management.
Who controls Acqua&Sapone
At the head of Water&Soap there is the Luxembourg box Forum Holdings 6owned by the continental branch Hig Europe and the founding family Barbarossa. Finally, as he writes Milan Finance, Forum Holdings 6 check the vehicle Bubbles BidCo which owns 62.5% of the leading player in Italy in the drugstore channel.
The vehicle was born at the end of 2021 with the aim of investing in the brand Water&Soap, an operation which then took place in two stages. In fact, in 2021 the newco had first acquired Cesar, Sda, Quamar e Vdmwhile in 2022 he had also got his hands on Commercial Royal.