Alto Partners buys hair products manufacturer Tricobiotos

The deal marks the first acquisition for the GP's latest vehicle, Alto Capital IV. The GP has acquired a 71.8% stake in the business, while private investor Daniele Selleri acquired 3.2%, and the company's founders retained 25%. According to Italian fashion publication MF Fashion, the deal valued the business at €21m (equating to 1x turnover).

Following a first closing on €103.5m in April 2017, the GP's Alto Capital IV fund is now eyeing a final close on €150m by the end of the year, unquote" understands.

Company
Founded in 1982, Tricobiotos is based in Prato, Tuscany, and manufactures beauty products focusing on the hair care industry.

The business posted a turnover of €21m and an 18% EBITDA margin in 2016, according to the statement, and generates 55% of its turnover from exports.

Advisers
Equity – Studio Legale Grande Stevens (legal); Bain & Company (commercial due diligence); Athena Audit (tax); CH2M (ESG due diligence); Sopabroker (insurance due diligence).
Company – PwC (financial due diligence); Studio Gatto (legal); Studio Pistone (tax).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Southern Europe
• Consumer
• Italy
• Alto Partners