H.I.G. WhiteHorse*, a credit affiliate of H.I.G. Capital, a global private equity and alternative assets investment firm, provided a growth capital solution to Risparmio Casa, an Italian drugstore chain based in Pomezia, Italy.
The amount of the deal was not disclosed.
The company intends to use the funds to strengthen its position in the Italian drugstore industry and achieve its growth plans.
Established over 30 years ago by the Battistelli family (Fabio Battistelli and Stefano Battistelli), Risparmio Casa operates over 100 locations with an average area of more than 2,500 sqm, resulting in a dominant presence in Northern and Central Italy and Sardinia. Its leadership is founded on a commercial strategy of every-day affordable prices and broad product assortment, offering a wide range of personal care, household and non-food products.
The company had revenues in excess of €350m in 2018.
* H.I.G. WhiteHorse is the credit affiliate of H.I.G. Capital focused on providing flexible debt financing solutions to middle market companies in Europe and the United States. Operating a broad investment mandate, the firm provides unitranche, senior and subordinated debt capital for refinancings, growth capital, acquisitions, buyouts, and balance sheet recapitalizations. Credit facilities typically range from €10m to €75m for companies with revenues of €40m or more.