HIG WhiteHorse, a credit affiliate of HIG Capital, a global private equity and alternative assets investment firm with over EUR26 billion of equity capital under management, has provided a growth capital solution to Risparmio Casa, a leading Italian drugstore chain based in Pomezia, Italy.
Established over 30 years ago by the Battistelli family, the company has exhibited strong growth and industry-leading performance with 2018 revenues in excess of EUR350 million. Risparmio Casa operates over 100 locations with an average area of more than 2,500 sq m, resulting in a dominant presence in Northern and Central Italy and Sardinia. Its leadership is grounded on a commercial strategy of every-day affordable prices and a unique and broad product assortment, offering its customer base a wide range of personal care, household and non-food products.
With this transaction, HIG. will support the Battistelli family in continuing to strengthen the company’s leading position in the Italian drugstore industry and achieve its growth plans.
Guido Lorenzi, Principal at HIG. WhiteHorse, says: “This transaction demonstrates HIG. WhiteHorse’s willingness to invest in and support leading Italian companies in cooperation with entrepreneurial families. HIG. is delighted to partner with Risparmio Casa and the Battistelli family, committing its resources, experience and network to support the next stage of growth of the company.”
Fabio Battistelli, co-founder of Risparmio Casa, says: “We have built Risparmio Casa into one of the most established players in the Italian retail drugstore market and are looking forward to further consolidating our leadership position and strengthening our company.”
Stefano Battistelli, co-founder of Risparmio Casa, says: “We welcome HIG. WhiteHorse into Risparmio Casa, which will be instrumental in supporting the next phase of our growth, building upon our existing strengths and value proposition.”
