H.I.G. Capital has sold Acqua & Sapone, an Italian non-food discount retailer, to European private equity firm TDR Capital LLP. Acquired by H.I.G. in 2021, Acqua & Sapone has more than doubled its revenue under their management, showcasing H.I.G.'s ability to transform underperforming businesses. The firm consolidated three separate Italian companies into a single brand, significantly enhancing its market position.

Acqua & Sapone operates over 700 stores across Italy, offering personal care and household products. The retailer has thrived by meeting consumer demand for budget-friendly goods and convenient access. With H.I.G.'s support, the company now generates over €1.1 billion in annual revenue.

Stefano Giambelli and Markus Noe-Nordberg of H.I.G. Capital praised the partnership with the Barbarossa family, noting the company's impressive growth and market leadership. H.I.G. Capital, managing $64 billion in assets, has a history of investing in mid-size companies with high growth potential.

The sale is pending antitrust approval, with the Barbarossa family and H.I.G. retaining significant equity stakes. Nando Barbarossa expressed gratitude for H.I.G.'s support and optimism about the new partnership with TDR Capital.

TDR Capital, managing over €15 billion in assets, is optimistic about Acqua & Sapone's future. Tom Mitchell and Jonathan Rosen of TDR highlighted the retailer's strong performance and potential for continued growth. The acquisition aligns with TDR's long-term investment strategy, aiming to build on Acqua & Sapone's success.