Capvis Equity IV LP, a fund advised by Capvis Equity Partners AG, acquired a majority of the shares of Gotha Cosmetics, a Lallio, Italy-based developer and manufacturer of private label cosmetics mainly focusing on lips, eyes and face products.
H.I.G. WhiteHorse, a credit affiliate of global investment firm H.I.G. Capital, provided funding to support a €65m unitranche facility arranged by Credit Suisse.
Gotha will use the proceeds investment for global expansion of its operations.
Founded in 2005 by CEO Shawn Sedaghat, who will remain a significant minority shareholder actively involved in the development of the company, Gotha Cosmetics researches and creates new colouring cosmetics formulae, manufactures products, industrializes new products and offers add-on filling and packaging solutions.
It currently employs more than 100 people.