Bubbles Bidco S.p.A.
Bubbles Bidco S.p.A.: H.I.G. Capital to Invest in Acqua & Sapone Alongside the Barbarossa Family
DGAP-News: Bubbles Bidco S.p.A.
/ Key word(s): Agreement
H.I.G. Capital to Invest in Acqua & Sapone Alongside the Barbarossa Family October 18, 2021 – H.I.G. Capital, LLC (“H.I.G.”), a leading global alternative investment firm with over $45 billion of equity capital under management, is pleased to announce that one of its affiliates has signed definitive agreements to acquire Cesar di Barbarossa Enio e F.lli S.r.l. (“Cesar”), Gruppo SDA S.r.l. Servizi Distribuzione Associati (“SDA”) and VDM Vaccaro Distribuzione Merci S.r.l. (“VDM”) (together, the “Companies”). The Companies operate under the Acqua & Sapone brand, Italy’s leading non-food discount retailer selling a wide range of household and personal care products at value prices through a network of over 700 retail locations. H.I.G. will acquire a controlling stake in the business, with the Barbarossa family reinvesting in a significant minority position. Terms of the transaction were not disclosed.
18.10.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Bubbles Bidco S.p.A. |
14 Via Dente | |
20121 Milano | |
Italy | |
ISIN: | IT0005458739 |
Listed: | Foreign Exchange(s) Vienna Stock Exchange (Third Market (MTF)) |
EQS News ID: | 1241487 |
End of News | DGAP News Service |