H.I.G. WhiteHorse Provides Growth Capital to Risparmio Casa

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    LONDON–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/AffordablePrices?src=hash” target=”_blank”gt;#AffordablePriceslt;/agt;–H.I.G. WhiteHorse, a credit affiliate of H.I.G. Capital, a leading
    global private equity and alternative assets investment firm with over
    €26 billion of equity capital under management announced today that it
    has provided a growth capital solution to Risparmio Casa, a leading
    Italian drugstore chain based in Pomezia, Italy.

    Established over 30 years ago by the Battistelli family, the company has
    exhibited strong growth and industry-leading performance with 2018
    revenues in excess of 350 million Euros. 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 grounded on a commercial strategy of every-day affordable
    prices and a unique and broad product assortment, offering its customer
    base a wide range of personal care, household and non-food products.

    With this transaction, H.I.G. will support the Battistelli family in
    continuing to strengthen the company’s leading position in the Italian
    drugstore industry and achieve its growth plans.

    Guido Lorenzi, Principal at H.I.G. WhiteHorse,
    commented: “This transaction demonstrates H.I.G. WhiteHorse’s
    willingness to invest in and support leading Italian companies in
    cooperation with entrepreneurial families. H.I.G. is delighted to
    partner with Risparmio Casa and the Battistelli family, committing its
    resources, experience and network to support the next stage of growth of
    the company.”

    Fabio Battistelli, co-founder of Risparmio Casa, commented: “We
    have built Risparmio Casa into one of the most established players in
    the Italian retail drugstore market and are looking forward to further
    consolidating our leadership position and strengthening our company.”

    Stefano Battistelli, co-founder of Risparmio Casa, commented: “We
    welcome H.I.G. WhiteHorse into Risparmio Casa, which will be
    instrumental in supporting the next phase of our growth, building upon
    our existing strengths and value proposition.”

    About H.I.G. WhiteHorse

    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,
    H.I.G. WhiteHorse provides unitranche, senior and subordinated debt
    capital for refinancings, growth capital, acquisitions, buyouts, and
    balance sheet recapitalizations. Credit facilities typically range from
    €10 million to €75 million for companies with revenues of €40 million or
    more. For more information, please refer to the WhiteHorse website at: www.higeurope.com/whitehorse.

    About H.I.G. Capital

    H.I.G. is a leading global private equity and alternative assets
    investment firm with over €26 billion of equity capital under
    management.* Based in Miami, and with European offices in London,
    Hamburg, Madrid, Milan, Paris, and U.S and Latin American offices in New
    York, Boston, Chicago, Dallas, Los Angeles, San Francisco, Atlanta,
    Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing
    both debt and equity capital to small and mid-sized companies, utilizing
    a flexible and operationally focused/ value-added approach:

    1. H.I.G.’s equity funds invest in management buyouts, recapitalizations
    and corporate carve-outs of both profitable as well as underperforming
    manufacturing and service businesses.

    2. H.I.G.’s debt funds invest in senior, unitranche and junior debt
    financing to companies across the size spectrum, both on a primary
    (direct origination) basis, as well as in the secondary markets. H.I.G.
    is also a leading CLO manager, through its WhiteHorse family of
    vehicles, and manages a publicly traded BDC, WhiteHorse Finance.

    3. H.I.G.’s real estate funds invest in value-added properties, which
    can benefit from improved asset management practices.

    Since its founding in 1993, H.I.G. has invested in and managed more than
    300 companies worldwide. The firm’s current portfolio includes more than
    100 companies with combined sales in excess of €30 billion. For more
    information, please refer to the H.I.G. website at www.higcapital.com.

    * Based on total capital commitments managed by H.I.G. Capital and
    affiliates.

    Contacts

    Guido Lorenzi
    Principal
    [email protected]