Pemberton, a leading European private debt manager transforming traditional credit markets, backed by one of Europe’s largest insurers, Legal & General Group PLC, and global investment firm Carlyle jointly provided a financing package to support the acquisitions by an affiliate of H.I.G. Capital LLC (‘H.I.G.’) of Cesar di Barbarossa Enio e F.lli S.r.l. (‘Cesar’), Gruppo SDA S.r.l. Servizi Distribuzione Associati (‘SDA’) and VDM (‘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. The Companies expect to generate over €900 million in revenues in 2021.
This represents the fourth Italian financing transaction arranged by Pemberton in 2021 year-to-date and shows the continued commitment to developing the firm’s presence across Southern Europe.
We are delighted to support H.I.G. in this complex transaction through which they will create a leading platform by combining, under the same umbrella, businesses that have historically been run as separate companies.
– Francesco Di Trapani, Senior Advisor at Pemberton
