Mirato S.p.A. manufactures and sells products for the toiletry market (hygiene and beauty) in all market segments including the mass-market through strong proprietary local brands and white label offering.
Date of acquisition
Leading company in the Italian hygiene and beauty market.
Our investment thesis is built on several attractive attributes:
- Stable long-term trends in the cosmetics sector
- Sound financial performance supported by stable and solid market shares in all segments
- Experienced and sound track record of the management team
- Recognized manufacturing expertise
- Limited downside risk with resiliency to economic downturns
- Potential to achieve inorganic growth through M&A activity
- International expansion in Asia and North Africa
- Strong deleveraging
- Several asset deals performed since acquisition (both increasing market shares and augmenting the product range)