Ancorotti acquires Cosmoproject in major cosmetics deal.
Deal News | Nov 29, 2024 | Legal Community Italy
In a strategic business maneuver within the cosmetics industry, the Ancorotti Group, backed by private equity firm L-Gam, has announced the acquisition of skincare manufacturer Cosmoproject. Legal advisement for Ancorotti was provided by LMS, Chiaravalli Reali e Associati, and Maisto e Associati, while Cosmoproject and its founding family, led by Primo Tortini, received legal counsel from Chiomenti. With the founders selling all their shares, they are nonetheless reinvesting significantly in the combined company. The transaction is anticipated to close by the end of the first quarter of 2025.
Sectors
- Cosmetics
- Private Equity
- Legal Services
Geography
- Italy – Both Ancorotti and Cosmoproject, along with the legal entities involved, are based in Italy, which is the focus region for this transaction.
Industry
- Cosmetics – The cosmetics industry is central to the article, involving companies that specialize in skincare and third-party cosmetic manufacturing.
- Private Equity – Private equity is significant in the article as L-Gam is the firm supporting Ancorotti’s acquisition of Cosmoproject.
- Legal Services – Multiple law firms are engaged in the transaction, indicating the role of legal services in facilitating mergers and acquisitions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ancorotti Group | Acquirer | Company | Ancorotti Group is specialized in the production of cosmetics for third parties and is acquiring Cosmoproject. |
| Cosmoproject | Target | Company | Cosmoproject is a company that produces skincare products for third parties and is being acquired by Ancorotti. |
| L-Gam | Private Equity Support | Company | L-Gam is a private equity firm that supports the Ancorotti Group in the acquisition of Cosmoproject. |
| Primo Tortini | Seller | Person | Primo Tortini is the founder of Cosmoproject and, along with his family, is selling their shares in the company. |
| LMS | Legal Advisor for Ancorotti and L-Gam | Company | LMS is a law firm that advised L-Gam and Ancorotti Group on corporate and antitrust aspects of the transaction. |
| Chiaravalli Reali e Associati | Legal Advisor | Company | Chiaravalli Reali e Associati provided legal assistance to Ancorotti in the acquisition. |
| Maisto e Associati | Legal Advisor | Company | Maisto e Associati advised Ancorotti on aspects of the deal. |
| Chiomenti | Legal Advisor for Cosmoproject | Company | Chiomenti is the law firm advising Cosmoproject and the Tortini family in the sale. |