H.I.G. Capital, a leading global private equity and alternative assets company with over $64 billion in capital under management, has signed a binding agreement to sell its portfolio company Acqua & Sapone to the funds managed by TDR Capital, a European leading private equity fund.

The transaction is the first investment platform of TDR Capital in Italy and provides that H.I.G. Capital fund and Barbarossa family maintain a significant shareholding in the company.

Acqua & Sapone has a turnover of over €1,1 billion and is a leading player in Italy in the sale of a wide range of home and personal care products at affordable prices through a network of over 700 sales outlets.

PedersoliGattai advises the CEO and the top management of Acqua & Sapone for various profiles of the transaction with a cross-practice team led and coordinated by Alessandro Capogrosso (partner). In particular, corporate/M&A aspects are managed by Matteo Sica Fiorillo and Filippo Emanuele Sani (senior associate) with support from Lorenzo Santambrogio and Francesca Lacava (associates). Tax and labour matters were managed, respectively, by Cristiano Garbarini (partner) with Alban Zaimaj (senior counsel) and Lorenzo Cairo (partner) with Federica Ferretti (senior associate).