Star Capital SGR S.p.A., supported by Cassiopea, sold 100% of Capello Point S.p.A. to Hair Gallery Europe S.r.l., which was assisted by Pirola Corporate Finance as financial advisor throughout all stages of the process, from strategic definition to structuring of the transaction through to closing, which involved a capital increase and refinancing of the financial exposure with illimity Bank S.p.A. Thanks to this transaction, Hair Gallery strengthens its leadership in the beauty sector, benefiting from the synergies deriving from the collaboration and subsequent operational integration of Capello Point, both commercially and in terms of know-how and offering. The acquisition was structured through a special purpose vehicle and the identification and appointment of independent management with expertise in sales and retail network management, with the aim of accelerating the development of the franchise network. In particular, the convergence between retail and online sales channels will be promoted, the range of products offered to customers will be expanded by optimising logistics and IT organisation, and the Capello Point brand will be projected into the digital world, giving it a new strategic direction. Following the transaction, the two companies will jointly have a turnover of €45 million, a commercial network of 80 direct and franchised stores and a workforce of approximately 300 employees.
