Shearman And Sterling

News April 04, 2019

Orienta Partners’ Acquisition of P.U. Cosmetica

Shearman & Sterling advised Orienta Partners on the acquisition of the entire corporate capital of P.U.Cosmetica S.r.l., a newly established company in which Stocksolutions S.r.l. had previously contributed its entire business for the purpose of the transaction.

Stocksolutions (and its ultimate shareholders Mr. Fabio Covioli and Mrs. Christiana Asekun) reinvested part of the purchase price in P.U.Cosmetica under an Investment Agreement and entered into a Shareholders Agreement and a Directorship Agreement to regulate respective rights and obligations going forward.

The consortium of investors, which included, inter alia, several Italian companies and entrepreneurs, as well as Equita Private Debt Fund S.A., was organized by Orienta Partners, a private equity firm headquartered in Italy, which specializes in leveraged buyouts and growth capital investments.

The debt component of the transaction was provided by Equita Private Debt Fund S.A. by means of a mezzanine instrument and Mediocredito and Banca BPM as senior lenders. Shearman & Sterling represented Orienta Partners and the consortium in connection with both the equity and debt components of the transaction.

Headquartered in Milan, Italy and established in 2014, P.U.Cosmetica is a leading Italian company specializing in the online sale of cosmetic products.

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