26 Jun 2024
We are pleased to announce that TDR Capital V has signed an agreement to acquire a majority stake in Acqua & Sapone (“A&S”) from H.I.G. Capital and the founding Barbarossa family.
A&S is Italy’s leading non-food discount retail brand, selling a wide range of household and personal care products at value prices through a network of over 700 retail locations. The company is one of the most recognised retail brands in Italy and is valued for its price leadership, convenient store locations and a wide product assortment.
Tom Mitchell, Managing Partner, and Jonathan Rosen, Partner, at TDR, said: “Acqua & Sapone is a standout business in its sector which has thrived with the support of its current owners. We believe that it has great potential to continue on this trajectory and are looking forward to working with the Acqua & Sapone team, the Barbarossa family, and H.I.G. to continue the growth of the business.”