22nd October 2021

Pemberton and Carlyle jointly provide financing package to support H.I.G. Capital investment in Acqua & Sapone


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

We have been impressed by Acqua & Sapone’s track record of continuous growth and we see enormous potential in consolidating Cesar, SDA and VDM under the same umbrella. The strong support by Pemberton and Carlyle throughout our pursuit of the opportunity has been instrumental.

– Stefano Giambelli, Managing Director at H.I.G. Capital

About the author

Francesco Di Trapani

Senior Advisor, Southern Europe