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Capvis-Gotha Deal Focuses on International Growth

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Gotha manufactures cosmetics for the lips, eyes and face for customers looking to outsource production.

Beauty care M&A continues on a strong pace, this time with the purchase of private label cosmetic manufacturer, Gotha Cosmetics, by Capvis Equity. Capvis is a diversified private equity firm with no similar beauty sector holdings.

Based in Italy, Gotha specializes in cosmetics for the lips, eyes and face and was founded in 2005. The company serves multinational customers seeking to outsource cosmetics production.

H.I.G. WhiteHorse, "a credit affiliate of global investment firm H.I.G. Capital," supported the acquisition by providing funding to support a €65 million unitranche facility arranged by Credit Suisse.

“We are delighted to assist Capvis by providing a tailor-made financing solution for the acquisition of Gotha Cosmetics," said Appu Mundassery, managing director at H.I.G. WhiteHorse. "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."

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