HIG WhiteHorse, a credit affiliate of global investment firm HIG Capital, has supported Gotha Cosmetics’ acquisition by Capvis Equity IV, a fund advised by Capvis Equity Partners, by providing funding to support a EUR65 million unitranche facility arranged by Credit Suisse.
Gotha Cosmetics is a developer and manufacturer of private label cosmetics mainly focusing on lips, eyes and face products. Based in Italy, Gotha Cosmetics was founded in 2005 and has become a key partner for both independent beauty brands and multi-national customers evolving towards more outsourcing-based production models.
Capvis will further develop Gotha Cosmetics and help it grow its revenues and international reach.
Appu Mundassery, managing director at HIG WhiteHorse, says: “We are delighted to assist Capvis by providing a tailor-made financing solution for the acquisition of Gotha Cosmetics. This transaction demonstrates our ability to support high-quality businesses with bespoke, flexible and committed financing solutions in a timely manner; we continue to regard Italy as a key market and see more opportunities in the near future.”