ITALY - Euraleo takes 40% stake in Intercos

The deal, Euroaleo's first since being set up by Banca Leonardo and Eurazeo in 2006, was made through Intercos Group S.r.I., a newco which is 60% owned by Intercos founder and CEO Dario Ferrari. The company will be grown both organically and through acquisitions and the investors are considering an IPO as a potential exit strategy.

Intercos has grown considerably since the previous investment by Equinox and is now the world's leading third-party producer of a range of cosmetic products - supplying 10 of the top 15 cosmetic houses. Revenues have grown at an average rate of 20% a year and in 2006 reached EUR 208m.

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• Topics
• Buyouts
• Southern Europe