LONDON–(BUSINESS WIRE)–#Cosmetics–H.I.G. WhiteHorse, a credit affiliate of global investment firm H.I.G.
Capital, has supported Gotha Cosmetics’ acquisition by Capvis Equity IV
LP, a fund advised by Capvis Equity Partners AG (together “Capvis”) by
providing funding to support a €65 million unitranche facility arranged
by Credit Suisse. Gotha Cosmetics is a developer and manufacturer of
private label cosmetics mainly focusing on lips, eyes and face products.
Based in Italy, Gotha Cosmetics was founded in 2005 and has become a key
partner for both independent beauty brands and multi-national customers
evolving towards more outsourcing-based production models. Capvis will
further develop Gotha Cosmetics and help it grow its revenues and
Appu Mundassery, Managing Director at H.I.G. WhiteHorse, said:
“We are delighted to assist Capvis by providing a tailor-made financing
solution for the acquisition of Gotha Cosmetics. This transaction
demonstrates our ability to support high-quality businesses with
bespoke, flexible and committed financing solutions in a timely manner;
we continue to regard Italy as a key market and see more opportunities
in the near future”.
About Gotha Cosmetics
Gotha Cosmetics Srl. was founded in 2005 as a private label cosmetics
manufacturing company located in the province of Bergamo, near Milan,
the Italian colour cosmetics hub, with the aim and vision of becoming a
global point of reference in colour cosmetics innovation. As a
one-stop-shop partner for the global cosmetics industry ranging from
prestige, masstige to mass market brands, Gotha researches and creates
new colouring cosmetics formulae, manufactures bulk products,
industrializes new products and offers add-on filling and packaging
Capvis is the leading private equity firm based in Switzerland. It
invests in German-speaking Europe and selectively in Northern Italy.
With a current fund of EUR 720 million, Capvis focuses on majority
holdings in leading mid-sized companies. It aims to support management
teams in releasing entrepreneurial potential and achieving new levels of
excellence. Since 1990, Capvis has completed 50 transactions with a
total value of more than EUR 5 billion. Capvis has floated ten companies
on stock exchanges and has repeatedly been voted Switzerland’s and
Germany’s best private equity firm by the international financial press.
Gotha represents Capvis’ third investment in Northern Italy.
About H.I.G. WhiteHorse
H.I.G. WhiteHorse is the credit affiliate of H.I.G. Capital focused on
providing flexible debt financing solutions to middle market companies
in Europe and the United States. Operating a broad investment mandate,
H.I.G. WhiteHorse provides unitranche, senior and subordinated debt
capital for refinancings, growth capital, acquisitions, buyouts, and
balance sheet recapitalizations. Credit facilities typically range from
€10 million to €75 million for companies with revenues of €40 million or
more. For more information, please refer to the WhiteHorse website at: www.higwhitehorse.com.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets
investment firm with €18 billion of equity capital under management.*
Based in Miami, and with offices in New York, Boston, Chicago, Dallas,
Los Angeles, San Francisco, and Atlanta in the U.S., as well as
international affiliate offices in London, Hamburg, Madrid, Milan,
Paris, Bogotá and Rio de Janeiro, H.I.G. specializes in providing both
debt and equity capital to small and mid-sized companies, utilizing a
flexible and operationally focused/ value-added approach:
1. H.I.G.’s equity funds invest in management buyouts, recapitalizations
and corporate carve-outs of both profitable as well as underperforming
manufacturing and service businesses.
2. H.I.G.’s debt funds invest in senior, unitranche and junior debt
financing to companies across the size spectrum, both on a primary
(direct origination) basis, as well as in the secondary markets. H.I.G.
is also a leading CLO manager, through its WhiteHorse family of
vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
3. H.I.G.’s real estate funds invest in value-added properties, which
can benefit from improved asset management practices.
Since its founding in 1993, H.I.G. has invested in and managed more than
200 companies worldwide. The firm’s current portfolio includes more than
100 companies with combined sales in excess of €22 billion. For more
information, please refer to the H.I.G. website at www.higcapital.com.
Appu Mundassery, Managing Director
(0) 20 7318 5700