M&A Deal Summary

TDR Capital Acquires Acqua & Sapone

On June 26, 2024, private equity firm TDR Capital acquired consumer products company Acqua & Sapone from H.I.G. Private Equity

Acquisition Highlights
  • This is TDR Capital’s 1st transaction in the Consumer Products sector.
  • This is TDR Capital’s 1st transaction in Italy.

M&A Deal Summary

Date 2024-06-26
Target Acqua & Sapone
Sector Consumer Products
Buyer(s) TDR Capital
Sellers(s) H.I.G. Private Equity
Deal Type Secondary Buyout

Target

Acqua & Sapone

Milan, Italy
Acqua & Sapone is a non-food discount retail brand, sells a wide range of household and personal care products at value prices through a network of over 700 retail locations. Acqua & Sapone is based in Milan, Italy.

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Buyer(S) 1

Buyer

TDR Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 15.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

TDR Capital is a private equity firm that targets large companies valued from €300 million to €1.5 billion. TDR has a particular interest in under-managed, under-invested or misunderstood companies which may be transformed through greater strategic and operational focus. TDR is sector agnostic, however the Firm has a preference for opportunities in the leisure/hospitality, financial services, and business services sectors. TDR Capital was formed in 2002 and is based in London.


DEAL STATS #
Overall 31 of 31
Sector (Consumer Products) 1 of 1
Type (Secondary Buyout) 6 of 6
Country (Italy) 1 of 1
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-28 Jollyes

Waltham Abbey, United Kingdom

Jollyes is a large UK pet retailer. Jollyes has a growing portfolio of over 70 retail park superstores and concessions in garden centres across the UK. Jollyes focuses on providing its loyal and growing customer base with pet products and services that combine great quality and value. Jollyes has recently expanded its offering to customers to include grooming and veterinary services in store. Jollyes was founded in 1935 and is based in Waltham Abbey, United Kingdom.

Buy -

Seller(S) 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 57.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $500 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.


DEAL STATS #
Overall 157 of 159
Sector (Consumer Products) 2 of 2
Type (Secondary Buyout) 68 of 69
Country (Italy) 4 of 4
Year (2024) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-18 Health-E Commerce

New York, New York, United States

Health-E Commerce is the parent company of FSA Store and HSA Store online stores that serve the 70+ million consumers enrolled in pre-tax health and wellness accounts. Health-E Commerce was founded in 2010 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-04 CGH

Bydgoszcz, Poland

CGH is a manufacturer of large, engineered storage tanks and tank accessories in EMEA. The Company applies a fully automated production process of environmentally friendly storage tanks for flammable and hazardous liquids, water, or liquefied petroleum gas (LPG), as well as tanks for a wide array of industrial applications serving current energy infrastructures. CGH is headquartered in Bydgoszcz, Poland.

Buy -