White Bridge buys natural cosmetics specialist Specchiasol

With White Bridge's support, Specchiasol plans to accelerate its growth across the Italian market and bolster its expansion internationally, while strengthening its commercial and operational network and widening its customer base.

White Bridge was founded in 2013 by partners Stefano Devescovi and Marco Pinciroli, and is currently deploying its second vehicle, White Bridge Investments II.

The firm has previously invested in the Italian cosmetic industry with the acquisition of a minority stake in make-up products manufacturer Ancorotti Cosmetici in February 2017 and the purchase of dietary supplements specialist Nutrilinea in September 2017.

Company
Established in 1973, Specchiasol specialises in producing natural cosmetics and herbal medicines.

It offers 750 products including essential oils, oligo-elements, vitamins, hydroalcoholic solutions extracted from plants, bud extracts, dietary supplements and a wide range of cosmetics.

Specchiasol is headquartered in Bussolengo, near Verona, with an additional production facility located in Specchia, near Lecce.

The raw materials used in its products are grown in two organic farms owned by the Specchiasol group, located in Specchia and in Ferrara di Monte Baldo, near Verona.

The company employs 130 staff and generates EBITDA of around €3m from revenues of approximately €25.5m.

People
White Bridge – Stefano Devescovi, Marco Pinciroli (founding partners).
Specchiasol – Giuseppe Maria Ricchiutto (founder).

Advisers
Equity – Giovannelli & Associati (legal).
Company – Pirola Pennuto Zei & Associati (legal).

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• Topics
• Buyouts
• Southern Europe
• Consumer
• Italy