Global investment firm Carlyle has announced that its Global Credit platform has provided the debt financing package, alongside Pemberton Asset Management, to support the acquisition of Cesar di Barbarossa Enio e F.lli S.r.l., Gruppo SDA S.r.l. Servizi Distribuzione Associati and VDM by an affiliate of H.I.G. Capital, LLC.
The Companies operate under the Acqua & Sapone brand, Italy’s non-food discount retailer selling a range of household and personal care products at value prices through a network of more than 700 retail locations.
Nicola Falcinelli, Managing Director of Carlyle Global Credit, said, “We are pleased to support H.I.G. Capital’s investment in Acqua & Sapone, which is uniquely positioned to meet growing demand for high quality products in the household and personal care segments at discounted prices. H.I.G. is the ideal partner to help consolidate Acqua & Sapone’s market-leading position by growing its retail store network and broadening its product range, while maintaining its focus on ‘value for money’ and convenience, synonymous with the Acqua & Sapone brand.”
Stefano Giambelli, Managing Director at H.I.G. Capital, added, “Acqua & Sapone is the leading non-food discount retailer in Italy and a unique household brand known to most Italians. We continue to see significant opportunity for growth, both organically and via acquisitions, and this financing package supports us in achieving that long-term growth strategy.”
Carlyle provided debt financing through its Global Credit platform, which regularly pursues investments in privately negotiated capital solutions for upper middle market borrowers, including both private equity sponsored and family or entrepreneur-owned companies.
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