Great Lengths Leads Italian Haircare Market with DBAG Backing
Deal News | Dec 16, 2024 | Finance Community IT - 1 Corporate M&A
DBAG Fund VIII, a fund managed by Deutsche Beteiligungs AG, has acquired a majority stake in Great Lengths, an Italian company specializing in the production and distribution of natural hair extensions for professional salons. This strategic acquisition highlights DBAG's investment prowess in niche markets, especially those boasting global appeal and specialization. The Antonino family, founders of Great Lengths, have retained significant stakes, indicating ongoing confidence in the company's future. Great Lengths, headquartered in Rome, stands out in its industry due to its fully internalized production process and extensive sales network, making it a global leader in high-quality natural hair extensions. Deloitte Financial Advisory played a pivotal role in the transaction, acting as DBAG Italia's Debt Advisor and conducting thorough financial and fiscal due diligence.
Sectors
- Beauty and Personal Care
- Private Equity
- Professional Advisory
Geography
- Italy – Great Lengths is headquartered in Rome, Italy, which is central to the company’s operations and the focus of the acquisition.
- Germany – Deutsche Beteiligungs AG, which manages DBAG Fund VIII, is based in Germany. The investment indicates cross-border activity involving Germany and Italy.
Industry
- Beauty and Personal Care – The acquisition involves Great Lengths, a company specializing in high-quality natural hair extensions, applicable to professional salons.
- Private Equity – DBAG Fund VIII, managed by Deutsche Beteiligungs AG, is a private equity firm, and the transaction is a key investment in their portfolio.
- Professional Advisory – Deloitte's role as a Debt Advisor and diligence provider highlights the professional advisory industry, specifically in corporate finance and M&A services.
Financials
- Not Disclosed – The financial terms of the acquisition, such as deal price, have not been publicly disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Great Lengths | Target Company | Company | An Italian company specializing in the production and distribution of natural hair extensions for salons. |
| Deutsche Beteiligungs AG | Acquiring Company | Company | A German private equity firm managing DBAG Fund VIII, which acquired a majority stake in Great Lengths. |
| Antonino Family | Selling Stakeholder | People | The founders of Great Lengths who have reinvested significantly as part of the acquisition. |
| Deloitte | Financial and Fiscal Advisor | Company | Provided advisory services including debt advisory and due diligence for the acquisition. |