Madrid and Milan and Washington, June 4, 2024 LONDON, Oct 23, 2019 /PRNewswire/ — ACON Investments, LLC and its affiliates (“ACON”), in partnership with affiliates of DeA Capital Alternative Funds SGR SpA (“DeA”), announced today that it has acquired a controlling interest in Romar Care Group (“RGC” or the “Company”). RGC is SpainIt is a US-based company that manufactures and sells consumer products related to personal care, home care, and cosmetics.
RGCs are Valencia, SpainRGC was founded in 2019 through the merger of Quimi Romar and Envasados ​​Xiomara by GPF Partners (“GPF”). Since then, RGC has more than doubled its production capacity, expanded its sales channels, diversified its geographic reach and driven the growth of its brand portfolio. RGC’s portfolio includes Agrado, Mayordomo, Amalfi, Sairo, Air Freshener, Destello and Garley, among others. The Company currently sells an extensive product portfolio in over 100 countries. Europe but also middle east, North Africa 60% of its revenues are generated outside the United States and Latin America. SpainIn addition, the company Morocco, Columbia UK clients include El Corte Inglés, Carrefour, Lidl, Auchan, IFA, Euromadi, Primor and Druni.
In 2023, RGC will achieve sales of €120 million and launch a new state-of-the-art production facility. Sagunto, ValenciaThe new facility covers over 50,000 square metres and will enable the company to continue its ambitious international expansion campaign.
RGC’s management team will maintain a significant equity stake in the company and is committed to growing the company’s business with a focus on ESG, digital transformation and sustainability. Sagunto The facility is designed to optimize efficiency, especially energy savings, and implements the highest quality standards and certifications (ISO 9001, ISO 22716, IFS-HPC).
Pablo Rodriguez Jimeno“We are very excited about the launch of our new facility and are excited about the future of our company. We welcome ACON and DeA as our new capital partners and look forward to working closely with them as we embark on RGC’s next phase of growth,” said RGC’s CEO.
Marcos Lladó, Managing Partner at ACON, said: “ACON is pleased to have completed our seventh acquisition. Spain Since 2017, we have been working with DeA to help RGC’s management team pursue their goals and capture growth opportunities in different regions around the world. We are pleased to help them build on their track record of growing sales well above the market over the past five years.”
Giuliano PalazzoDeA’s Managing Director concluded, “We are pleased to co-invest with ACON in a great business led by an outstanding management team and stand ready to support the company’s growth in the years to come. We expect RGC will utilise its new production facility to strengthen its position as an industry leader in terms of quality, efficiency and productivity as it seeks to serve global markets. We are confident that our partnership with ACON will have a positive impact on the next stage of the company’s development.”
RSM, Hogan Lovells and Ashurst advised the buy-side, while GPF Houlihan Lokie and Uriah Menendez.
About GPF Partners
Founded in 2015 by MartÃn RodrÃguez Fraile Ignacio OlascoagaWith Lorenzo Martinez de Albornoz Guillermo CastellanosGPF Partners (www.gpf-partners.com) is a private equity fund manager with over €1.2 billion in assets under management across GPF Capital I, GPF Capital II, GPF Capital IV and GPF Real Estate. All of the firm’s funds are backed by committed capital from private and institutional investors. SpainAmerica, Europe In over 15 countries latin americaprovides extensive access to these markets and is able to support the long-term development of its portfolio companies.
About ACON Investments
ACON Investments, LLC Washington DCis an international private equity investment firm based in that manages and invests in private equity funds and special purpose partnerships. united states of america, latin america and EuropeExperts Washington DC, Dallas, Los Angeles, new yorkBogota, Madrid, Mexico City In São Paulo, it is managed by ACON $7 billion Since inception, the company has managed $2.8 billion in assets and enjoys a 28-year track record. For more information, please visit www.aconinvestments.com.
About Sviluppo Sostenibile/DeA Capital
RGC is the first investment from Sviluppo Sostenibile, a private equity fund managed by DeA Capital Alternative Funds SGR SpA, focusing on mid-market companies with best-in-class ESG policies. Spain.
Founded in 2006, DeA Capital Alternative Funds SGR SpA is a wholly owned subsidiary of DeA Capital SpA, part of the De Agostini Group. The company is a leading independent manager of alternative assets. Italy With over 6 billion euros in assets under management and over 70 employees, Milan and MadridIn 2024, DeA will celebrate its fifth anniversary since entering the market. Spain And its establishment MadridBased offices and teams. For more information, please visit www.deacapitalaf.com.
Media Contact:
ACON Investments
Marcos Llad
Managing Partner
[email protected]
Meena Teva
Partner, Head of Capital Formation and Investor Relations
[email protected]
DeA Capital Alternative Fund
Giuliano Palazzo
President
[email protected]
Marco Scopinho
[email protected]
Anna Majocchi
[email protected]
RocÃo Casado (Harmon)
+34 696 780 458
[email protected]
Romer Care Group
Susana Oltz
Marketing Director
+34 687 95 44 00
[email protected]
Source: ACON Investments, LLC
