Leading company in the Italian hygiene and beauty market.
Investment thesis
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
Achievements
- International expansion in Asia and North Africa
- Strong deleveraging
- Several asset deals performed since acquisition (both increasing market shares and augmenting the product range)