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

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
glorenzi@higcapital.com