Cosimo Vitola
Ethica Group
Risparmio Casa
Deal Type
Company sale
Sector
Consumer
Completion Date
16th April 2019
Deal Value
Not disclosed
Company Background
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 350 million Euros. Risparmio Casa operates over 100 locations with an average area of more than 2,500 sqm, 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.
Deal Summary
Ethica Corporate Finance (Ethica) assisted Risparmio Casa, the Italian leader of home and personal care products, in consolidating its partnership with H.I.G. WhiteHorse - Division of H.I.G. Capital. As a financial advisor Ethica supported the Battistelli family throughout all the phases of this process until the completion of the deal. The entry of a partner such as H.I.G. will allow the Battistelli family to continue on its growth path and strengthen its leadership position within the drugstore sector in Italy.
Value Added
Ethica managed a competitive sell-side process including both PE Funds and strategic buyers and leveraged on its knowledge of the market and players also thanks to its profound experience related to previous deals in the sector, adding value to the shareholders both in terms of economics and in terms of finding the best strategic partnership.
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