The Intesa Sanpaolo IMI Corporate & Investment Banking Division acted as Sole Financial Advisor in the sale of a majority stake in Pinalli Srl to the H.I.G. Capital fund.
Pinalli a historic brand in the distribution of luxury Beauty & Personal Care ("BPC") products in Italy, has been on an ambitious path of growth and strategic repositioning in omnichannel logic in recent years. It boasts one of the most advanced e-commerce platforms, which is flanked by a chain of more than 60 beauty stores, making Pinalli the leading Italian operator in the sector (the third in the country considering also international players). It is among the few exclusive distributors in Italy of the main luxury brands and has become the reference partner for many native-digital and highly innovative Italian indie brands.
H.I.G., based in Miami and with over 54 billion dollars in capital under management, is one of the leading international investment funds in private equity and alternative assets.
This transaction will allow Pinalli to further accelerate its development path and further consolidate itself as a leading Italian player in the world of exclusive distribution of high-end BPC products.