Alcedo buys 55% of Italy’s Nahrin Swiss Care

As part of the deal, the founders and existing shareholders Elvio Lonardi and Stelvio Andreis will retain the remaining 45% stake in the business.

The deal marks the second acquisition for the GP's 2015-vintage vehicle, Alcedo IV, which held a final close in May 2016 on €195m. The fund made its maiden investment in February, acquiring Arezzo-based general contractor Exa Group.

Company
Founded in 1990 and headquartered in Villafranca di Verona, Nahrin produces cosmetics and vitamin-based nutritional supplements.

According to local press reports, the business generates aggregate turnover of €22.4m with €4.7m EBITDA.

People
Alcedo – Franco Valvasori, Maurizio Tiveron, Sonia Lorenzet (partners).
Nahrin Swiss Care – Elvio Lonardi, Stelvio Andreis (founders).

Advisers
Equity – Nctm Studio Legale (legal); Studio Russo De Rosa (tax).
Vendor – UBS (M&A); Studio Cavalleri (legal); Studio Notarile Restuccia & Stucchi (legal).

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• Topics
• Buyouts
• Consumer
• Southern Europe
• Italy
• Alcedo SGR