Capvis Equity acquires majority stake in Gotha Cosmetics

Capvis Equity IV has acquired a majority stake in Gotha Cosmetics.

A credit affiliate of global investment firm H.I.G. Capital, H.I.G. WhiteHorse has supported Capvis Equity IV by providing a €65m unitranche facility arranged by Credit Suisse.

Italy-based personal care products manufacturer Gotha Cosmetics will use this investment to expand its operations globally. This private label company manufacturers beauty products for skin, lips, and face and was founded in 2005 by Shawn Sedaghat.

It has also become a key partner for both independent beauty brands and multi-national customers evolving towards more outsourcing-based production models

H.I.G. WhiteHorse's managing director Appu Mundassery said: “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”.

Sedaghat will continue to hold a significant stake in the company and be actively involved in its daily operations.

Gotha Cosmetics currently employs around 100 people.